During 2009, Raines Umbrella Corp. had sales of $864,000. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $612,000, $144,000, and $144,000, respectively. In addition, the company had an interest expense of $84,000 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.)
I have calculated the net income of : -120,000
I need the operating cash flow.
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