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1. Given the following information for Macro Drive Inc. Selling and Administrative Expenses Depreciation Expense...

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1. Given the following information for Macro Drive Inc. Selling and Administrative Expenses Depreciation Expense Interest Expense Sales Taxes Cost of Goods Sold 2017 $150,000 280,000 140,000 1,400,000 135,500 500,000 Required: a. Prepare (in good form) an income statement for 2017 for Macro Drive Inc. b. Assume that Micro Drive Inc. has 50,000 shares outstanding, calculate the Earnings Per Share (EPS) for the company for the period ending 2017. c. Differentiate between accounting income and free cash flow (FCF). Why is FCF the most important measure of cash flow

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