Timber Corp. had cash flows from operating activities of $80,000 during 2006. Timber's 2006 income statement reported depreciation expense of $20,000 and a $6,000 loss on the sale of land. Over the course of the year, accounts receivable decreased by $7,000, wages payable increased by $9,000, inventory increased by $5,000, and accounts payable decreased by $10,000. Assuming that all relevant information has been presented, find Timber's 2006 net income. o $95,000 o $81,000 o $53,000 O $43,000 O None of the above is correct