During the year, the Senbet Discount Tire Company had gross sales of $529,900. The company’s cost of goods sold and selling expenses were $174,800 and $102,200, respectively. The company also had debt of $480,000, which carried an interest rate of 6 percent. Depreciation was $60,900. The tax rate was 24 percent.

a. What was the company’s net income?

b. What was the company’s operating cash flow?