Net cash flow from operating activities for $2021$ Altoona Corporation was $$300,000.$ The following items are reported on the financial statements for $2021$:

Depreciation and amortization $$20,000$

Cash dividends paid on common stock $$12,000$

Increase in accounts receivable $$24,000$

Based only on the information above, Altoona$$s Net Income for $2021$ was:

Question $9$Select one:

a$.$

$$256,000$

b$.$

$$264,000$

c$.$

$$296,000$

d$.$

$$304,000$

e$.$

$$284,000$