What is the cash flow and the net income

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Penno Corporation recorded service revenues of $200,000 in 2017, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2017, Penno collected $20,000 cash on those receivables before year-end 2017. The company also paid $25,000 cash for 2017 wages. Its employees also earned another $15,000 in wages for 2017, which were not yet paid at year-end 2017. What is the cash flow and the net income

Reference no: EM132203527

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