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Castile Incorporated had a beginning balance of $1,500 in its Accounts Receivable account. The ending balance of Accounts Receivable was $2,400. During the period, Castile

Castile Incorporated had a beginning balance of $1,500 in its Accounts Receivable account. The ending balance of Accounts Receivable was $2,400. During the period, Castile recognized $35,000 of revenue on the account. Castiles Salaries Payable account has a beginning balance of $1,300 and an ending balance of $1,000. During the period, the company recognized $28,000 of accrued salary expenses. Required

  1. Based on the information provided, determine the amount of net income.

  2. Based on the information provided, determine the amount of net cash flow from operating activities.

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