During the year Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition the company had an interest expense of $245,000 and a tax rate of 21 percent. (ignore any tax loss carry forward provision and assume the interest expense is fully deductible)

what is the company's net income?

what is its operation cash flow?

explain your results in parts a and b