Determine the net income reported by Tiger Golf Inc.

Determine the net income reported by Tiger Golf Inc.

Corporate Finance

Tiger Golf Inc. reported a net cash flow from operating activities of $105,700 on its statement of cash flows for the year ended December 31, 2006. The following information was reported in the cash flows from operating activities section of the statement of cash flows, using the indirect method:

Decrease  in  inventories 6,400
Depreciation 11,000
Gain  on  sale  of  investments 3,600
Increase  in  accounts  payable 4,700
Increase  in  prepaid  expenses 2,000
Increase  in  accounts  receivable 6,500
Decrease in income taxes payabl $ 2,100

Determine the net income reported by Tiger Golf Inc. for the year ended December 31, 2006

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