Question: Problem 2-2 Building an Income Statement [LO 2] Draiman, Inc., has sales of $594,000, costs of $264 000. depreciation expense of $66,500 interest expense of

Problem 2-2 Building an Income Statement [LO 2] Draiman, Inc., has sales of $594,000, costs of $264 000. depreciation expense of $66,500 interest expense of $33.500 and a tax rate of 40 percent. (Enter your answer as directed, but do not round Intermediate calculations.) Required: What is the net income for this firm? Net income Problem 2-8 Calculating OCF [LO 2] Hammett, Inc has sales of $19.740, costs of $9.290, depreciation expense of 51,960, and interest expense of S1,450. Assume the tax rate is 40 percent (Enter your answer as directed, but do not round Intermediate calculations.) Required: What is the operating cash flow? Operating cash flow

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