1. Easys Inc. reported net cash from operating activities of $29,150 for the year. The company showed a net increase over the year in accounts receivable and accounts payable of $1,200 and $500, respectively. The company showed a net decrease over the year in inventory and equipment of $1,150 and $8,000, respectively. The sale of equipment resulted in a gain of $2,000. The company also incurred depreciation expense of $4,500, amortization expense on a patent of $1,000, and amortization of a discount on bonds payable of $200.

   What was net income for the year?

   	A.	$25,200
   	B.	$33,000
   	C.	$25,000
   	D.	$33,300