Can someone help me answer step B?

Question 4 [5 marks] Consider the following information concerning a firm's income statement for scal year (FY) 2050: Sales revenues $865,000 Cost of goods sold $535,000 Various expenses $200,000 "\"\"Various expenses\" include depreciation expenses and others (e.g., SC&A, R&D, etc). In addition, assume that the applicable corporate income tax rate is 10% and that the rm pays no tax when its taxable income falls below zero (ignore any tax loss carryforward in case it bothers you). The firm has no debt interest expenses. Answer questions a) and b) below. a) Determine the firm's net income for FY 2050. Answer (show the steps/calculation toward your results): b) Suppose that the firm had underestimated its expenses by omitting depreciation expenses $140,000, it turns out. That is, the firm should have reported $340,000 as \"Various expenses\