The records for Todd Inc. showed the following during 2014:

1. Cash collected for services provided during 2014 was $90,000.
2. Services used during 2014 but not paid for yet $350, and Accrued expenses ending balance was higher than its beginning balance by $170.
3. Dividends declared and paid during 2014 were $400.
4. Services provided during 2014 but not yet collected $340, and Accrued Revenues ending balance was lower than its beginning balance by $200.
5. Gain from sale of equipment during 2014 was $700.
6. Cash paid for services to be used next period $150, and Deferred Expenses ending balance was lower than its beginning balance by $300.
7. Cash paid for expenses incurred in 2014 $45,500.
8. Cash collected for services to be provided next period $560, and Deferred revenues ending balance was higher than its beginning balance by $320.
9. Increase in Accumulated depreciation during 2014 by $2,500.

Required:

1. Calculate the net income for 2014.
2. Calculate the net cash flow from operating activities for 2014.