Question: Required: Using the information provided A) Prepare a statement o comprehensive income for Year 2 only B) Calculate Operating Cash Flows for Year 2 only(SHOW

Required: Using the information provided A) Prepare a statement o comprehensive

Required: Using the information provided A) Prepare a statement o comprehensive income for Year 2 only B) Calculate Operating Cash Flows for Year 2 only(SHOW YOUR WORK) Unit Sales Year1 and 2 227,000 Unit Price $ 95 Equipment cost $ 5,000,000 Fixed costs $ 192,000 Variable cost per unit $ 10 Salvage value $ O CCA Rate 20% Tax rate 40% Required return 23% Project Life (years) 2

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