During 2015, Rainbow Umbrella Corp. had sales of $790,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $85,000, and $190,000, respectively. In addition, the company had an interest expense of $52,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

a.	What is the company's net income for 2015? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

Net income

$

b.	What is its operating cash flow? (Do not round intermediate calculations.)

Operating cash flow

$