Determinifig Net Intome from Net Cisti How from ODerating Activies Curwen inc, reported net cash flow from eperating activities of $165,800 on its statement of cash flows for a recent year ended December 31 , The following infoemation was reported in the Cash Bows from operating activties section of the staternent ol cash fows, using the indirect method: a. Determine the net income reported by Cuiben Inc: for the year ended December 31 . b. Curaen's net inceme difered from cash flows from operations because of the following: 1. Degreastion expense, whach has no effect on cash flows from operating activites: 2. Gain on the sale of invesments is reported in investing activaies section of the cash flew statement. 3. Changes in current operating aspits and liablities that are added or deducted, depending en ther effect on cash flow but not in the incalne statemene 4. Operatirig expenses are deducted from income but are added in the cash flow statement