What is the depreciation tax shield, based on the income statement data in the prior question?

Group of answer choices

$55,140

$40,500

$$63,775

$45,900

This is the prior question, data from the question, and its answer:

Consider the following income statement. Fill in the missing numbers and then calculate the operating cash flow (OCF).

$ 912,400 Sales

593, 600 Costs

135,000 Depreciation

? EBIT

? Taxes (@30%)

? Net income

Answer:

$263,660