Chapter 2 Assignment i Saved Help Save & Exit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to Problem 2-7 The Moore Enterprise has gross profit of $1,160,000 with amortization expense of $500,000. The Kipling Corporation has $1,160,000 in gross profits but only $74,000 in amortization expense. The selling and administration expenses are $134,000; the same for each company. If the tax rate is 30 percent, calculate the cash flow for each company. Moore Kipling Cash flow $ 462000 Calculate the difference in cash flow between the two firms? Difference in cash flow