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During the year, Belyk Paving Company had sales of $1,745,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $880,000,$470,000, and $385,000,

image text in transcribed During the year, Belyk Paving Company had sales of $1,745,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $880,000,$470,000, and $385,000, respectively. In addition, the company had an interest expense of $195,000 and a tax rate of 21 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 the company's operating cash flow? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Answer is complete but not entirely correct

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