During the year, the Senbet Discount Tire Company had gross sales of $1.14 million. The firms cost of goods sold and sellingexpenses were $533,000 and $223,000, respectively. The firm also had notes payable of $880,000. These notes carried an interest rate of 7 percent. Depreciation was $138,000. The firms tax rate was 35 percent.

a.

What was the firms net income?

.	What was the firms operating cash flow?