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22. The net cash provided by operating activities in Nen Company's statement of cash ows for 2002 was $77,000. For 2002, amortization on plant assets

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22. The net cash provided by operating activities in Nen Company's statement of cash ows for 2002 was $77,000. For 2002, amortization on plant assets was $30,000, amortization of furniture was $5,000, and cash dividends paid on common shares was $36,000. Based only on the information given above, Nen's net income for 2002 was A) $45,000. B) $6,000. C) $77,000. D) $42,000. E) $78,000

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