Building an Income Statement. During the year, the Senbet Discount Tire Company had gross sales of $925,000. The firm's cost of goods sold and selling expenses were $490,000 and $220,000, respectively. Senbet also had notes payable of $740,000. These notes carried an interest rate of 4 percent. Depreciation was $120,000. Senbet's tax rate was 35 percent.

a. What was Senbet's net income?

b. What was Senbet's operating cash flow?

Please provide the following for each in the tan box:

Sales

Cost of goods sold

Selling expenses

Notes payable

Interest rate

Depreciation expense

Tax rate