Question: Net cash flow from operating activities for 2016 for Majewski Corporation was $330,000.The following items are reported in the 2016 financial statements: Depreciation and amortization

Net cash flow from operating activities for 2016 for Majewski Corporation was $330,000. The following items are reported in the 2016 financial statements:
Depreciation and amortization $30,000
Cash dividends paid on common stock 12,000
Increase in accounts receivable 24,000

Based only on the above information, what was Graham's net income for 2016 ?

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