Question: 24. Net cash flow from operating activities for 2021 for Graham Corporation was $495,000. The following items are reported on the financial statements for 2021:

24. Net cash flow from operating activities for 2021 for Graham Corporation was $495,000. The following items are reported on the financial statements for 2021:

Depreciation and amortization $ 30,000

Cash dividends paid on common stock 18,000

Increase in accounts receivable 36,000

Based only on the information above, Grahams net income for 2021 was:

a. $429,000.

b. $441,000.

c. $489,000.

d. $501,000.

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