During the year, Belyk Paving Co. had sales of $2,384,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,441,000, $436,600, and $491,600, respectively. In addition, the company had an interest expense of $216,600 and a tax rate of 35 percent.
Required:
(a) What is Belyk’s net income?
(b) What is Belyk’s operating cash flow?

(a) Income Statement

                                  Belyk Paving Co.

                    Income statement for the year

Sales                                                      $2,384,000

Cost of goods sold                               $1,441,000

Gross Profit                                            $943,000

Administrative and selling expenses   $436,600

Depreciation expense                           $491,600

Operating Income                                  14,800

Interest expense                                    $216,600

Income before Tax                                ($201,8000)

Tax rate 35%                                           $0            

Net Loss                                                  ($201,800)

(b) operating Cash flow

Net Loss                                                       ($201,800)

Add: Non cash Expenses (Depreciation)   $491,600

Cash flow from operating activities             $289,800

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; that person may have a larger tax bill to pay on income taxes;