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please make sure you do ALL THREE PARTS!! Thanks During the year, Belyk Paving Co. had sales of $2,320,000. Cost of goods sold, administrative and

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During the year, Belyk Paving Co. had sales of $2,320,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,300,000, $565,000, and $429,000, respectively. In addition, the company had an interest expense of $254,000 and a tax rate of 23 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is its operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flow Duela Dent is single and had $186,400 in taxable income. Use the rates from Table 2.3. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Calculate her income taxes. Income taxes Duela Dent is single and had $185,600 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) % a. Average tax rate b. Marginal tax rate % Taxable income Tax Rate TABLE 2.3 Personal tax rates for 2018 (unmarried Individuals) 10% $ 0- 9,525 9,525- 38,700 38,700- 82,500 82,500- 157,500 157,500- 200,000 200,000- 500,000 500,000+ 22 24 32 35 37

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