This year, Southern Coat Company had sales of 730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were 580,000, 105,000 and 135,000 respectively. In addition, the company had an interest expense of 75,000 and a tax rate of 28 per cent. (Ignore any tax loss carry-back or carry-forward provisions.) Required: a. What is Southern Coat Company's net income? Net income b. What is its operating cash flow? y Operating cash flow c. Explain your results in (a) and (b). This year, Southern Coat Company had sales of 730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were 580,000, 105,000 and 135,000 respectively. In addition, the company had an interest expense of 75,000 and a tax rate of 28 per cent (Ignore any tax loss carry-back or carry-forward provisions) Required: Suppose Southern Coat Company paid out 25,000 in cash dividends Is this possible? (Click to select) If spending on non-current assets and networking capital was zero and if no new shares were issued during the year, what do you know about the firm's long-term debt? (Round your answer to the nearest whole.) Minimum amount of new long-term debt