Your client Zenith a C corporation involved the retail trade business has submitted to you the following selected financial data from the tax vear 2017: 25,800,000 Gross receipts Cost of goods 21,300,000 sold Dividends received (less than 20%-owned) 120,000 Interest Income 40,000 Interest Expense 850,000 575,000 Depreciation Other Operating Expenses 1,500,000 Dividends received deduction 84,000 Zenith has heard that the TCJA of 2017 will produce significant cuts in a corporation tax liability for 2018 Zenith is planning to expand its operations and want to know how much additional in house positive cash flow will be available (because of TCJA) to reduce outside financing of the this expansion Zenith wants you to compare 2017 to 2018 assuming that 2018 financial results are the same as above You should clearly state the tax savings that is the direct result of TCJA of 2017 Your client Zenith a C corporation involved the retail trade business has submitted to you the following selected financial data from the tax vear 2017: 25,800,000 Gross receipts Cost of goods 21,300,000 sold Dividends received (less than 20%-owned) 120,000 Interest Income 40,000 Interest Expense 850,000 575,000 Depreciation Other Operating Expenses 1,500,000 Dividends received deduction 84,000 Zenith has heard that the TCJA of 2017 will produce significant cuts in a corporation tax liability for 2018 Zenith is planning to expand its operations and want to know how much additional in house positive cash flow will be available (because of TCJA) to reduce outside financing of the this expansion Zenith wants you to compare 2017 to 2018 assuming that 2018 financial results are the same as above You should clearly state the tax savings that is the direct result of TCJA of 2017