The Bookbinder Company had $$570,000$ cumulative operating losses prior to the beginning of last year. It had $$120,000$ in pre$-$tax earnings last year before using the past operating losses and has $$360,000$ in the current year before using any past operating losses. It projects $$430,000$ pre$-$tax earnings next year. Enter your answers as positive values. If an amount is zero, enter $"0".$ Round your answers to the nearest dollar.

Set up an income statement. What is Berndt's expected net income? Its expected net cash flow? Enter your answers in dollars. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1,200,000.$ Round your answers to the nearest dollar. What is the net income and the net cash flow?