What is net income

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Question - H Mart reports a net cash in-flow of $20,000 from operating activities. H Mart reported the following transactions:

Depreciation expense of $2,000

Share-based compensation expense of $1,000

Proceeds of $4,000 and a loss of $2,500 on sale of land

An increase in accounts receivable of $1,500

An increase in accounts payable of $1,800

Issuance of debt at face value, $10,000

What is net income?

Reference no: EM133008576

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