Net Income and OCF $[$ LO$2]$ During $2024,$ Raines Umbrella Corp. had sales of $$835,000.$ Cost of goods sold, administrative and selling expenses, and depreciation expenses were $$525,000,$$$120,000,$ and $$165,000,$ respectively. In addition, the company had an interest expense of $$90,000$ and a tax rate of $25$ percent. $($Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.$)$

a$.$ What is the company's net income for $2024?$

b$.$ What is its operating aash flow?

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