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During 2 0 2 0 , the Abel Co . had gross sales of $ 6 0 0 , 0 0 0 . The firm

During 2020, the Abel Co. had gross sales of $600,000. The firms cost of goods sold and selling expenses were $200,000 and $50,000, respectively. These figures do not include depreciation. Abel also had notes payable of $1,000,000. These notes carried an interest rate of 10 percent. Depreciation was $100,000. Abels tax rate in 2020 was 20% what was Abel's operating cash flow?
$215,500
$237,500
$251,500
$320,000
$345,500

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