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Problem: Module 1 Textbook Problems Learning Objectives: . 1-6 Show how receivables offect financial statements 1-7 Show how payables offect finoncial statements castile Inc. had

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Problem: Module 1 Textbook Problems Learning Objectives: . 1-6 Show how receivables offect financial statements 1-7 Show how payables offect finoncial statements castile Inc. had a beginning balance of $2 300 in its Accounts Receivable account. The ending balance of Accounts Receivable was $3.000. During the period, Castile recognized $37.000 of revenue on account Castle's Salaries Payable account has a beginning balance of $1,800 and an ending balance of $1.200 During the period, the company recognized $33.000 of accrued salary expense Required a. Based on the information provided determine the amount of net income b. Based on the information provided, determine the amount of net cash flow from operating activities Not income b Not cash flow from operating activities

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