Determining Net Income from Net Cash Flow from Operating Activities

Curwen Inc. reported net cash flows from operating activities of $153,900 on its statement of cash flows for a recent year ended December 31. The following information was reported in the Cash flows from (used for) operating activities section of the statement of cash flows, using the indirect method:

Decrease in income taxes payable	$3,700
Decrease in inventories	9,200
Depreciation	14,200
Gain on sale of investments	6,400
Increase in accounts payable	2,600
Increase in prepaid expenses	1,600
Increase in accounts receivable	7,000

a. Determine the net income reported by Curwen Inc. for the year ended December 31. --------