Calculate the incremental operating cash flow for year 1 for the following information: Increase in sales: $1,100,000 Increase in depreciation expense: $1,100,000 Reduction in non-depreciation operating expenses: $500,000 Tax rate: 40% Calculate the incremental operating cash flow for year 1 for the following information: Increase in sales: $1,100,000 Increase in depreciation expense: $1,100,000 Reduction in non-depreciation operating expenses: $500,000 Tax rate: 40% $1,030,000 ($70,000) ($30,000) $1,400,000