Answer:
a. $29,000
Step-by-step explanation:
Calculation for the Net income
Using this formula
Net income=(-Depreciation+Increase in net accounts receivable-Decrease in inventory-
Decrease in accounts payable - Increase in interest payable) -Net cash inflow from operating activities
Let plug in the formula
Net Income= (–$38,000 + $31,000 – $27,000 –
$48,000 – $12,000) - $123,000
Net income=$94,000-$123,000
Net income =$29,000
Therefore Net income is $29,000