Problem 3+ Net Income and OCF. During the year, Belvk Paving Co. had sales of S2,350,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,295,000, $530,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carrvforward provisions.)- . What is the company's net income?+ What is its operating cash flow? Explain vour results in parts (a) and (b)