Suppose Concrete Suppliers Inc. sells one of its $155,000 concrete trucks, with an original five-year economic life, at the end of Year 3 after taking three years of straight-line depreciation. Concrete Suppliers has a 40 percent tax rate. If the truck is sold for its book value, there is no tax effect. If Concrete Suppliers sells the truck for more or less than its book value, there is a gain or loss that has a tax effect. Assume Concrete Suppliers Inc. has assembled the following expected annual income statement data for each of its trucks.

Sales$150,000

Less: Expenses (net of depreciation)(70,000)Depreciation(35,000)

Income before taxes$45,000Taxes @40%(18,000)

Net income$27,000

What is the following?

Sales:

Operating Expenses:

Cash Flow before taxes:

Cash Paid for taxes:

Net Cash Flow After taxes: