Question 10

Alpha's Company's Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000. The following additional information was provided:

Depreciation Expense

$380,000

Common Stock Dividends

200,000

Accounts Receivable decrease

110,000

Accounts Payable increase

60,000

Use this information and determine Alpha Company's the Net Income (Net Loss) the 2017 Fiscal Year.

Please Show Calculation