1 Problem 2-16 Net Income and OCF (LO2] 4 points During 2018, Raines Umbrella Corp. had sales of $757,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $460,000, $102,000, and $147,500, respectively. In addition, the company had an interest expense of $73,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) eBook Print References a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.) b. What is the company's operating cash flow? (Do not round intermediate calculations.) a. Net loss b. Operating cash flow $ 195,000