During $2018,$ Raines Umbrella Corp. had sales of $$705,000.$ Cost of goods sold,

administrative and selling expenses, and depreciation expenses were $$445,000,$

$$95,000,$ and $$140,000,$ respectively. In addition, the company had an interest expense

of $$70,000$ and a tax rate of $25$ percent. $($Ignore any tax loss carryforward provisions and

assume interest expense is fully deductible.$)$

a$.$ What is the company's net income $($loss$)$ for $2018?($Do not round intermediate

calculations and enter your answer as a positive value.$)$

b$.$ What is the company's operating cash flow? $($Do not round intermediate

calculations.$)$