Please tell me the calculation process Q#$1.[10$ pts$]$ Timmons Co$.$ has had sales this year of $\backslash (\backslash$$ $1,000,000\backslash ).$ Their selling and administrative expense was $\backslash (\backslash$$ $220,000\backslash ),$ COGS was $\backslash (\backslash$$ $425,000\backslash ),$ Interest Expense of $\backslash (\backslash$$ $20,000\backslash ),$ outstanding debt was $\backslash (\backslash$$ $150,000\backslash )$ and depreciation was $\backslash (\backslash$$ $75,000\backslash ).$ Timmons has a $\backslash (35\backslash \%\backslash )$ corporate tax rate. $1-1.(5$ pts$)$ What is Timmons Net Income for the year? $1-2.(5$ pts$)$ What is Timmons Operating Cash Flow for the year?