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Problem 2-17 Net Income and OCF [LO 2] During the year, Belyk Paving Company had sales of $2,455,000. Cost of goods sold, administrative and selling

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Problem 2-17 Net Income and OCF [LO 2] During the year, Belyk Paving Company had sales of $2,455,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,343,000,$650,000, and $456,000, respectively. In addition, the company had an interest expense of $281.000 and a tax rate of 22 percent. (ignore any tax loss carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? Note: 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? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32

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