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Input area: Sales Cost of goods sold Selling expenses Debt Interest rate Depreciation expense Tax rate Output area: Income Statement Sales $ - Cost of

Input area:
Sales
Cost of goods sold
Selling expenses
Debt
Interest rate
Depreciation expense
Tax rate
Output area:
Income Statement
Sales $ -
Cost of goods sold -
Selling expenses -
Depreciation expense -
EBIT $ -
Interest expense -
EBT $ -
Taxes (0%) -
Net income $ -
EBIT $ -
Depreciation -
Taxes -
Operating cash flow $ -

During the year, the Senbet Discount Tire Company had gross sales of $489,300. The companys cost of goods sold and selling expenses were $157,300 and $84,200, respectively. The company also had a debt of $490,000 which carried an interest rate of 6 percent. Depreciation was $58,300. The tax rate was 24 percent. a. What was Senbets net income? b. What was Senbets operating cash flow?

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