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

Using the information provided A) Prepare a statement of comprehensive income for Year 2 only B) Calculate Operating Cash Flows for Year 2 only (SHOW YOUR WORK)

Unit Sales Year 1 and 2: 22,000

Unit Price $ 75

Equipment cost $ 4,000,000

Fixed costs $ 183,000

Variable cost per unit $ 7

Salvage value $ -

CCA Rate 10%

Tax rate 30%

Required return 13%

Project Life (years) 2

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