What is net income under the followingscenario? Post your answer in this thread.

Retained earnings at the end of 2009 were $700,000, but retained earnings at the end of 2010 had declined to $320,000.

The company does not pay dividends.

The companys depreciation expense is its only noncash expense; it has no amortization charges.

The company has no noncash revenues.

The companys net cash flow (NCF) for 2010 was $150,000.