Suresh co. expects its five departments to yield the following income for next year. dept. mdept. ndept. odept. pdept. ttotalsales $63,000 $35,000 $56,000 $42,000 $28,000 $224,000 expenses avoidable 9,800 36,400 22,400 14,000 37,800 $120,400 unavoidable 51,800 12,600 4,200 29,400 9,800 $107,800 total expenses 61,600 49,000 26,600 43,400 47,600 228,200 net income (loss) $1,400 $(14,000) $29,400 $(1,400) $(19,600) $(4,200)recompute and prepare the departmental income statements (including a combined total column) for the company under each of the following separate scenarios.

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?