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KJ Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the following information pertaining to
KJ Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the following information pertaining to its recent year of operation: . Cash flow from operating activities, $149,000 Accounts payable increased $12,300 Prepaid assets decreased $9,300 Depreciation expense was $13,300 Accounts receivable increased $24,300 Loss on sale of a depreciable asset was $7,300 Wages payable decreased $10,300 Unearned revenue decreased $20,300 Patent amortization expense was $4,300 How much was KJ's net income?
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