Net cash flow from operating activities for 2014 for Graham Corporation was $75,000. The following items are reported on the financial statements for 2014:
|
Depreciation and amortization |
5,000 |
|
Cash dividends paid on common stock |
3,000 |
|
Increase in accrued receivables |
6,000 |
Based only on the information above, Graham”s net income for 2014 was:
- $64,000.
- $66,000.
- $74,000.
- $76,000.
- None of the above.