During $2021,$ Raines Umbrella Corporation had sales of $$700,000.$ Cost of goods sold,

administrative and selling expenses, and depreciation expenses were $$500,000.$

$$110,000,$ and $$75,000,$ respectively. In addition, the company had an interest expense

of $$86,000$ and a tax rate of $21$ percent. $($Ignore any tax loss carryforward provisions and

assume that interest is fully deductible.$)$

a$.$ What is the company's net income for $2021?($A negatlve onswer should be Indlcated

by a minus slgn$.$ Do not round Intermedlate calculatlons.$)$

b$.$ What is its operating cash flow? $($Do not round Intermedlate colculatlons.$)$