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During the year, the Senbet Discount Tire Company had gross sales of $1.13 million. The firms cost of goods sold and sellingexpenses were $532,000 and

During the year, the Senbet Discount Tire Company had gross sales of $1.13 million. The firms cost of goods sold and sellingexpenses were $532,000 and $222,000, respectively. The firm also had notes payable of $870,000. These notes carried an interest rate of 8 percent. Depreciation was $137,000. The firms tax rate was 30 percent. What is the firms net income and the operating cash flow

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