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During the year, Belyk Paving Company had sales of $ 2 , 5 7 5 , 0 0 0 . Cost of goods sold, administrative

During the year, Belyk Paving Company had sales of $2,575,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,367,000,$690,000, and $480,000, respectively. In addition, the company had an interest expense of $305,000 and a tax rate of 25 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.)
a. What is the company's net income?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
b. What is its operating cash flow?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
\table[[a. Net income,$,-267,000
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