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Assume a companys net cash provided by operating activities is $86,000. It provided the following...

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Accounting

Assume a companys net cash provided by operating activities is $86,000. It provided the following excerpts from its balance sheet:

This Year Last Year
Current assets:
Accounts receivable $ 40,000 $ 46,000
Inventory $ 53,000 $ 50,000
Prepaid expenses $ 13,000 $ 11,000
Current liabilities:
Accounts payable $ 38,000 $ 44,000
Accrued liabilities $ 18,000 $ 15,000
Income taxes payable $ 13,000 $ 10,000

Also assume the company incurred a loss on the sale of equipment of $4,000 and the credits to its accumulated depreciation account are $22,800. Based solely on the information provided, the companys net income would be:

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