During the year, Belyk Paving Co. had sales of $2,387,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,438,000, $436,300, and $491,300, respectively. In addition, the company had an interest expense of $216,300 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.)

Required: (a) What is Belyks net income? multiple choice 1

$237,700

$-116,940

$759,900

$-194,900

$296,400

(b) What is Belyks operating cash flow? multiple choice 2

$296,400

$469,900

$512,700

$521,260

$-469,900