Please help 2) A hydraulic crane service company had sales revenue of $2,250,000from operations during tax-year 1. The following table provides other financialinformation relating to the tax year:Labor expensesMaterials costsDepreciation expensesInterest expenses$22,200Rental expenses$45,000Proceeds from sale of old equipment with a $23,000book value of $20,000How much is the taxable income?$550,000$385,000$132,500a. If the federal tax rate is 21% and the state tax rate is 10%, determinethe combined tax rate (do not include the % sign in your answer)b. Calculate the Before-Tax net Cash Flow (BTCF) of the companyC. Calculate the after-tax net cash flow (ATCF) of the company

2) A hydraulic crane service company had sales revenue of $2,250,000 from operations during tax-year 1. The following table provides other financial information relating to the tax year: Labor expenses Materials costs Depreciation expenses Interest expenses Rental expenses Proceeds from sale of old equipment with a book value of $20,000 How much is the taxable income? $550,000 $385,000 $132,500 $22,200 $45,000 $23,000 a. If the federal tax rate is 21% and the state tax rate is 10%, determine the combined tax rate (do not include the % sign in your answer) b. Calculate the Before-Tax net Cash Flow (BTCF) of the company