You received partial credit in the previous attem Problem 2-16 Net Income and OCF (LO2] During 2018, Raines Umbrella Corp. had sales of $772,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $465,000, $104,500, and $150,000, respectively. In addition, the company had an interest expense of $74,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) look Fint a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.) b. What is the company's operating cash flow? (Do not round intermediate calculations.) ences a.Net loss b. Operating cash flow flow $ $ 16,425 52,500