Question: Ricks 2020 net cash flow from operating activities was $600,000. Rick reported the following items on its financial statements for 2020: Cash dividends $32,000 Depreciation

Ricks 2020 net cash flow from operating activities was $600,000. Rick reported the following items on its financial statements for 2020:

Cash dividends

$32,000

Depreciation

26,000

Increase in accounts receivable

19,000

Ricks net income for 2020 was:

A) $556,000

B) $593,000

C) $632,000

D) $645,000

E) none of the answers are correct

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