12. CIC Co. has $64,000 of net cash at the end of year 2019. The cash flow from investing activities is $-52,000. The Company borrowed a long term loan of 50,000. If the accounts receivable increased by $49,000 and the accounts payable increased by $61,000, and the depreciation is $12,000, what is the company's net income? O $43,500 O $42,000 $66,000 $54,000 None of the above