a. ABC Corporation's partial Income Statement for the year ending December 31, 2020 is as follows: Cost of goods sold Interest expense Taxes Revenue Selling, general, and administrative expenses Depreciation $345.000 $79.000 $57.100 S836,000 $93.000 $126.000 (1). What is the net income for Sunshine Snacks Corporation for 2020? (3 marks) (11). What is the operating cash flow for Sunshine Snacks Corporation for 2020? (3 marks) (111). What is the EBIT for Sunshine Snacks Corporation for 2020? (2 mark) (b). Why is an understanding of cash flow statements so important in the study of finance? (3 marks) (c) What does it mean to benchmark by industry? Why is this needed when conducting a financial ratio analysis? (4 marks)