During $2024,$ Raines Umbrella Corporation had sales of $$835,000.$ Cost of goods sold, administrative and selling

expenses, and depreciation expenses were $$525,000,$$$120,000,$ and $$165,000,$ respectively. In addition, the company

had an interest expense of $$90,000$ 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 $2024?$

Note: Do not round intermediate calculations and enter your answer as a positive value.

b$.$ What is the company's operating cash flow?

Note: Do not round intermediate calculations.