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The Ronaldo Corporation has a gross profit of $$792,000$ and $$277,000$ in depreciation expense. The Mesi Corporation also has $$792,000$ in gross profit, with $$43,300$ in depreciation expense. Selling and administrative expense is $$188,000$ for each company.

Required:

a$.$ Given that the tax rate is $40$ percent, compute the cash flow for both companies.

b$.$ Calculate the difference in cash flow between the two firms.

Answer is complete but not entirely correct.

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Required A

Required B

Given that the tax rate is $40$ percent, compute the cash flow for both companies.

$\backslash$table$[[,$Ronaldo,Mesi$],[$Cash flow,$$473,200,$$$(379,270)$