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Problem: Module 1 Textbook Problem 5 Learning Objectives: - 1.6 Show how receivables affect financial statements - 1.7 Show how payables affect financial statements Castile Inc. had a beginning balance of $3,400 in its Accounts Receivable account. The ending balance of Accounts Recelvable was $3,600. During the period, Castile recognized $45,000 of revenue on account. Castile's Salaries Payable account has a beginning balance of $2,550 and an ending balance of $1,100. During the period, the company recognized $39,850 of accrued salary expense Required a. Based on the information provided, determine the amount of net income. b. Based on the information provided, determine the amount of net cash flow from operating activities