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For my answer I got a Net Income of $-128,250 and OCF= $96,750. Is this correct, and what does this mean to have a negative

image text in transcribedFor my answer I got a Net Income of $-128,250 and OCF= $96,750. Is this correct, and what does this mean to have a negative net income yet positive OCF?
Net Income and OCF [L02] During 2010. Raines Umbrella Corp. had sales of $850,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $110,000. and $140,000. respectively. In addition, the company had an interest expense of $85,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) What is Raines's net income for 2010? What is its operating cash flow? Explain your results in (a) and (b)

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