Sanhueza, Inc., reported a net cash flow from operating activities of $171,300 on its statement of cash flows for the year ended December 31, 2016. The following information was reported in the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method:

Decrease in income taxes payable	$3,300
Decrease in inventories	8,300
Depreciation	12,800
Gain on sale of investments	5,800
Increase in accounts payable	2,300
Increase in prepaid expenses	1,400
Increase in accounts receivable	6,300

Determine the net income reported by Sanhueza, Inc., for the year ended December 31, 2016. $

Reporting Stockholders' Equity Items on Statement of Cash Flows

On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.

ACCOUNT Common Stock, $40 par

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

2016

Jan.

1

Balance, 120,000 shares

4,800,000

Apr.

2

30,000 shares issued for cash

1,200,000

6,000,000

June

30

4,400-share stock dividend

176,000

6,176,000

ACCOUNT Paid-In Capital in Excess of Par-Common Stock

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

2016

Jan.

1

Balance

360,000

Apr.

2

30,000 shares issued for cash

720,000

1,080,000

June

30

Stock dividend

114,400

1,194,400

ACCOUNT Retained Earnings									ACCOUNT NO.
									Balance
Date			Item		Debit		Credit		Debit		Credit
2016
Jan.	1			Balance							2,000,000
June	30			Stock dividend	290,400						1,709,600
Dec.	30			Cash dividend	463,200						1,246,400
Dec.	31			Net income			1,440,000				2,686,400

If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.

Item	Section of Statement of Cash Flows	Added or Deducted	Amount
Sale of common stock	Financing activities section	Added	$
Cash dividend	Financing activities section	Deducted	$
Stock dividend	Not reported on statement of cash flows	Not applicable	$