Net Income and OCF..... EXPLAIN A,B,C

Net Income and OCF (LO2) During 2015, Thorold 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 carry-back or carry forward provisions.) a. What is Thorold's net income for 2015? b. What is its operating cash flow? c. Explain your results in (a) and (b)