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 $2,600 in its Accounts Recelvable account. The ending balance of Accounts Receivable was $3,200. During the period, Castile recognized $43,000 of revenue on account. Castie's Salaries Payable account has a beginning balance of $2,050 and an ending balance of $900. During the period, the company recognized $37,300 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 a Net Income b. Nel cash flow from operating activities