During 2015, Rainbow Umbrella Corp. had sales of $940,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $680,000, $85,000, and $165,000, respectively. In addition, the company had an interest expense of $53,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

Please show calculations - I know how to find net income and operating cash flow, but I am getting stuck with the interest expense and tax rate. Thanks!