. 2 A y A . ABboce Aabbcc AaBb AaBbcc AaB Aalb Normal 1 No Spac. Heading 1 Heading 2 Title Subtit - * A .. I. Paragraph z . Font Styles Problem 3 Las year M&M Corporation reported its net income as $920,000. A review of its income statement shows that M&M's operating expenses (fored and variable), excluding depreciation and amortization, were $1,660,000; its depreciation and amortization expense was $240,000, and tis company's tax rate was 30 percent. M&M has no debt (the firm is financed with equity only). Round to the nearest dollar. Please show your work. a. What were M&M's sales revenues last year? b. What was M&M's net cash flow last year