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During the year, Belyk Paving Company had sales of $ 2 , 3 8 0 , 0 0 0 . Cost of goods sold, administrative

During the year, Belyk Paving Company had sales of $2,380,000. Cost of goods sold, administrative and selling
expenses, and depreciation expense were $1,320,000,$605,000, and $441,000, respectively. In addition, the company
had an interest expense of $266,000 and a tax rate of 22 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.
a. Net income
$
147,420
b. Operating cash flow
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