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Check my work $57,000, and rental costs for the shop The owner of a bicycle...

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Check my work $57,000, and rental costs for the shop The owner of a bicycle repair shop forecasts revenues of $188,000 a year. Variable costs will be are $37,000 a year. Depreciation on the repair tools will be $17,000. Prepare an income statement for the shop based on estimates. The tax rate is 40%. these Calculate operating cash flow for the year by using all three methods: (e) Dollars in minus dollars out: (b) Adjusted accounting profits and (c) Add back depreciation tax shield. Operating Cash Flow Method a. Dollars in minus dollars out b. Adjusted accounting profits c. Add back depreciation tax shield es Should all the above approaches result in the same value for cash flow Yes No

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