Considering the information given above please fill spaces; E, F, G & H on the table

Problem 7 You are considering starting a moving business for the four years you are in college to help support yourself. You have completed a business plan and would like to complete a project cash flow. A skeleton of this project cash flow is given on the following page. Note that there are blank cells of the table where values that are not shown and that you are not required to calculate for credit. You will only need to fill in the blanks and/or calculate the values where there are letters in the table. Use the following information to compute the desired values in the project table. You anticipate operating the company for 4 years. At the end of four years, you would sell any assets you own and cease operations. You project a revenue of $60,000 in year 1; $70,000 in year 2; $80,000 in year 3; and $60,000 in year 4. You will need to purchase a truck to operate the moving company. To operate the company, you would purchase a used truck for $30,000. Trucks have a 5-year recovery period under MACRS. You would sell the truck for $5,000 when the company's assets are liquidated To operate the company, you would need to pay $45,000 for labor annually. You would also incur an advertising expense of $2,000 annually and pay $10,000 of annual overhead for office space and miscellaneous supplies. A tax rate of 40% for the company is applied; capital gains are taxed at 30%. 1 2 3 Year A name of this document) Revenues Expenses B_- ist everything that would be classifieds $6,000 $ 9,600 $5,760 E Depreciation Taxable income Income Taxes Cname of this quantity) $(1,800) $2,040 $ 10,344 $763 Cash Flow Statement Operating Activities Net Income Depreciation Investment Activities Investment Salvage Gains Tax Net Cash Flow $(30,000) $(30,000) $ 11,640 $16,104 G H