Curwen Inc. reported net cash flows from operating activities of $196,300 on its statement of cash flows for the year ended December 31. The following information wa reported in the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method: Decrease in income taxes payable Decrease in inventories $3,800 9,400 Depreciation 14,500 Gain on sale of investments 6,500 Increase in accounts payable 2,600 Increase in prepaid expenses 1,600 Increase in accounts receivable 7,100 a. Determine the net income reported by Curwen Inc. for the year ended December 31.

Curwen Inc. reported net cash flows from operating activities of $196,300 on its statement of cash flows for the year ended December 31 . The following information w reported in the "Cash flows from (used for) operating activities" section of the statement of cash nows, using the indirect method: a. Determine the net income reported by Curwen Inc for the year ended December 31