18. Net Income and OCF During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and

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18. Net Income and OCF During the year, Belyk Paving Co. hadsales of $2,275,000. Cost of goods sold, administrative and sellingexpenses, and depreciation expense were $1,285,000, $535,000, and$420,000, respectively. In addition, the company had an interestexpense of $245,000 and a tax rate of 21 percent. (Ignore any taxloss carryforward provision and assume interest expense is fullydeductible.)
a. What is the company’s net income?
b. What is its operating cash flow?
c. Explain your results in parts (a) and (b).
19. Accounting Values versus Cash Flows In Problem 18, supposeBelyk Paving Co. paid out $370,000 in cash dividends. Is thispossible? If net capital spending was zero, no new investments weremade in net working capital, and no new stock was issued during theyear, what do you know about the firm’s long-term debt account?
I need the answer for 19 but you will need 18 to answer it. Just19