Net Income and OCF During 2019, Rainbow Umbrella Corp. had sales of $630,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $465,000, $85,000, and $134,000, respectively. In addition, the company had an interest expense of $70,000 and a tax rate of 20 percent. (Assume that interest is fully deductible.)

a. What is the companys net income for 2019?

b. What is its operating cash flow?

c. Explain your results in (a) and (b).