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, $151,000
• Accounts payable increased $12,500
• Prepaid assets decreased $9,500
• Depreciation expense was $13,500
• Accounts receivable increased $24,500
• Loss on sale of a depreciable asset was $7,500
• Wages payable decreased $10,500
• Unearned revenue decreased $20,500
• Patent amortization expense was $4,500

How much was KJ's net income?

Multiple Choice:

• $140,000.

• $200,000.

• $144,000.

• $159,000.