For whatever reason I can't seem to figure out the Net Income, therefore I'm unable to finish the question.

Any help with this would be greatly appreciated.

Thanks,

A SITTINTITIES balance SMIGEL Tur Laidlazy' The . LETItall The Tollan`ing amounts at The End of Edits and Climb .Galaxy Inc.Balance SheetAS at August 3120162015ASSETSCurrent AssetsCash$27, 700 $12, 000Accounts Receivable$ 14, 400$8, 100Prepaid EXPENSES$3, 300$ 1 , 300Inventory$32, 500 $14, 700Total Current Assets$77, 900 $36 , 100Long - Term AssetsEquipment$1 85, 000 $ 164, 000LESS : Accumulated Depreciation 5- 28, 200 $ - 15, 400Total Long - Term Assets$156, 8:00 $ 148, 600Total Assets$234 , 700 $ 184 , 700LiabilitiesCurrent Liabilities*$ 16, 200 $ 16, 200Non - Current Liabilities$ 27, 000*$35, 000Total Liabilities$43, 200 $51, 200Shareholders " EquityCommon Shares$84, 000{$58, 000Retained Earnings$107, 500$75, 500Total Shareholders' Equity$191, 500 $ 1.33, 500Total Liabilities and Equity$234, 700 $ 184, 700 ASSUME Current liabilities include only Items from operations le .g., accounts payable , tax; payable) . Non- current liabilities include Items from financing(e . g . bonds and other non - current liabilities ) . Note that there was no sale of equipment throughout the year .Prepare the cash flow statement for 2016 using the indirect method . Assume no dividends were declared or paid in 2016 .Do not enter dollar signs or commas in the input boxes .Use the negative sign for a decrease in cash .Galaxy Inc .Cash Flow StatementFor the Year Ended August 31 , 2016Cash Flow from Operations*Net Income*Add : Depreciation Expense*1 2800Change in Current Assets and Current LiabilitiesIncrease in Accounts Fleceivable-6.300Increase in Prepaid Expenses- 2000Increase in Inventory*- 17 8.00Change in Cash Due to Operations*Cash Flow from Investing ActivitiesPurchase of Equipment-21000Change in Cash Due to Investing Activities Cash Flow from Financing ActivitiesIssuance of Common Shares2GOODRepayment of Non - Current Liabilities-BODOChange in Cash Due to Financing ActivitiesNet Increase / Decrease ) in CashCash at the Beginning of the YearCash at the End of the Year