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During the year, the Senbet Discount Tire Company had gross sales of $895,000. The firms cost of goods sold and selling expenses were $461,000 and

During the year, the Senbet Discount Tire Company had gross sales of $895,000. The firms cost of goods sold and selling expenses were $461,000 and $215,000, respectively. The company also had notes payable of $685,000. These notes carried an interest rate of 4 percent. Depreciation was $108,000. The tax rate was 21 percent.

a. What was the companys net income? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, roundedto the nearest whole number, e.g., 1,234,567.)

b. What was the companys operating cash flow? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, rounded to the nearest whole number e.g., 1,234,567.)

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