The operating cash flows and balance sheet excerpts of Schlee and Associates for the period ending December

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The operating cash flows and balance sheet excerpts of Schlee and Associates for the period ending December 31, 2018, follow. Compute net income for the period ending December 31, 2018.

OPERATING ACTIVITIES $ 65,000 Cash inflows from sales $(40,000) Cash payments for inventories Cash payments for salaries

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