Arial -A %6 M BLU- A. Alignment Number Conditional Formatas Cell Formatting Table Styles Ces Editing Font B C H During the year, Raines Umbrella Corp. had sales of $675,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $435,000, $85,000, and $125,000, respectively. In addition, the company had an interest expense of $70,000 and a tax rate of 21 percent. (Ignore any tax loss carryback or carryforward provisions.) What is Raines's net income? What is its operating cash flow? Sales Costs Administrative and selling expenses Depreciation expense Interest expense $ 675,000 435,000 85,000 125,000 70,000 Tax rate 2196 Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Administrative and selling expenses Depreciation expense Sheet1