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QUESTION

During the year, Belyk Paving Co. had sales of $2,388,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were...

During the year, Belyk Paving Co. had sales of $2,388,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,437,000, $436,200, and $491,200, respectively. In addition, the company had an interest expense of $216,200 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

what is the net income?

and operaing cash flow?

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