Answer:
264,136 Cash flow for Nimitz Rental
Explanation:
<u>First we calculate the net income:</u>
871,731 Sales
-352,928 general and administrative expenses
-131,455 depreciation expenses
-108,195 leasing expenses
-78,122 interest expenses
201,031 Income before taxes
(68350) Income tax expense
<em>132,681 Net income</em>
<u>Then we remove the non-monetary expense</u>
<em>132,681 Net income</em>
+131,455 depreciation expense
264,136 Cash flow for Nimitz Rental