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Find net income for the year

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Reference no: EM132955382

Problem - The following items are reported in the financial statements:

Net cash flow from operating activities for the year was $450,000

Cash dividends paid on common stock $20,000

Depreciation and amortization 12,000

Increase in accounts receivable 24,000

Based on the information above, find net income for the year?

Reference no: EM132955382

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