Whirlwind Cycles is owned 100% by Daniel, a single taxpayer. Both Whirlwind Cycles and Daniel use the cash method of accounting for tax purposes. The business incurred the following items of income and expense in the year 2013:

Cash Sales $225,000

Interest received from City of Flint Bonds

(this is a municipal bond) 3,000

Cost of Goods Sold (assume cash

paid in 2013) 45,000

Cash payments for 2013 utilities 3,500

Cash payments for 2013 rent 18,000

Tax depreciation 40,000

Cash contribution to the Democratic party

(not deductible for tax purposes) 1,000

On 1/1/2012 (last year) Whirlwind Cycles purchased a 60-month zero coupon bond with a 5% yield and a $20,000 maturity value for $15,670 (compounded annually).

Daniels marginal tax rate is 33% before any profits from the business are considered.

Whirl Cycles is organized as a C Corporation and the corporation pays all of its after-tax cash flows to Daniel as a dividend.

Instructions: Please round your answers to the whole number. No decimals. You can use commas for answers. An answer such as 1,000 and 1000 are both correct.

Question: Calculate Daniels 2013 after-tax cash flows from the Whirlwind Cycles.