Company Express S$.$ A$.$ asks you to construct cash flow for following investment project, containing following information:

a$.$ Sales $($in $$)$:

Year $1$: $90,000$

Year $2$: $55,000$

Year $3$: $75,000$

Year $4$: $190,000$

b$.$ Cost of sales is estimated at $53\%$ of sales.

c$.$ Depreciation for year is $$15,000$ per period $($period $1$ to $3).$ In year $4$ there is a sale of machinery that results in a gain on sale of non$-$current assets of $$9,800.$ Total depreciation for year $4$ is $$12,500.$

d$.$ Administrative expenses are equivalent to $17\%$ of sales.

e$.$ In period $0$ there is an investment of $$58,000.$

f$.$ There is credit financing of $$32,000$ which is amortized in equal

parts of $$8,000$ per period with a financial expense of $$3,700$ per

period.

g$.$ There is an investment in working capital of $$24,000$ in period $0,$

which is recovered in period $4.$

h$.$ In period $4$ there is an investment in land of $$40,000.$

i$.$ Income tax rate is $17\%.$

Calculate: cash flow per period. Please use an Excel spreadsheet. Thanks