Determine the net income reported by tiger golf inc

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Reference no: EM13900673

Tiger Golf Inc. reported a net cash flow from operating activities of $105,700 on its statement of cash flows for the year ended December 31, 2006. The following information was reported in the cash flows from operating activities section of the statement of cash flows, using the indirect method:

Decrease in inventories	6,400
Depreciation	11,000
Gain on sale of investments	3,600
Increase in accounts payable	4,700
Increase in prepaid expenses	2,000
Increase in accounts receivable	6,500
Decrease in income taxes payabl	$ 2,100

Determine the net income reported by Tiger Golf Inc. for the year ended December 31, 2006.

Reference no: EM13900673

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