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Exercise 2-5A Missing Information related to accruals LO 2-3 Castile Inc. had a beginning balance of $2,900 in its Accounts Receivable account. The ending balance

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Exercise 2-5A Missing Information related to accruals LO 2-3 Castile Inc. had a beginning balance of $2,900 in its Accounts Receivable account. The ending balance of Accounts Receivable was $3,400. During the period, Castile recognized $57,000 of revenue on account. Castile's Salaries Payable account has a beginning balance of $2,050 and an ending balance of $1,200. During the period, the company recognized $49,000 of accrued salary expense, Required a. Based on the information provided, determine the amount of net income. Net income $ 8,000 b. Based on the information provided, determine the amount of net cash flow from operating activities. Net cash flow from operating activities

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