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

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

		$286,000.
		$294,000.
		$324,000.
		$334,000.

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