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Danner had cash flow from operating activities of $ 4 5 , 0 0 0 and depreciation and amortization expense of $ 3 0 ,

Danner had cash flow from operating activities of $45,000 and depreciation and amortization expense of $30,200 for the year ended September 30,2020. Its accruals increased by $7,800, its receivables decreased by $6,000, and its inventories increased by $21,000. What was the company's net income for the year?
$4,000
$8,000
$16,000
$22,000
$47,000
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