During 2020 range 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 in a tax rate of 21%

During 2020, Raines 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 21 percent. (Assume that interest is fully deductible) a. What was the company's net income or net loss for 2020? (Do not round intermediate calculations. Input your answer as a positive value.) b. What was its operating cash flow? (Do not round intermediate calculations.)