You purchased a machine for $ 1.07 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 35 %. If you sell the machine today (after three years of depreciation) for $ 783 comma 000, what is your incremental cash flow from selling the machine? Your total incremental cash flow will be $ nothing. (Round to the nearest cent.)

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?