Question: Problem 2 - 1 7 Net Income and OCF [ LO 2 ] During the year, Belyk Paving Company had sales of $ 2 ,

Problem 2-17 Net Income and OCF [LO 2]
During the year, Belyk Paving Company had sales of $2,515,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,355,000,$670,000, and $468,000, respectively. In addition, the company had an interest expense of $293,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.)
a. What is the company's net income?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
b. What is its operating cash flow?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
\table[[a. Net income],[b. Operating cash flow]]
Problem 2-17 Net Income and OCF [LO 2] During the year,

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