During the year, the Senbet Discount Tire Company had gross sales of $1.15 million. The firms cost of goods sold and selling expenses were $534,000 and $224,000, respectively. The firm also had notes payable of $890,000. These notes carried an interest rate of 5 percent. Depreciation was $139,000. The firms tax rate was 40 percent. a. What was the firms net income? b. What was the firms operating cash flow?