The net cash provided by operating activities in Sosa Company's statement of cash flows for 2018 was $310,000. For 2018, depreciation on plant assets was $90,000, amortization of patent was $16,000, and cash dividends paid on common stock was $108,000. Based only on the information given above, Sosa’s net income for 2018 was

Sosa’s net income for 2018 was $204,000

The net income of Sosa company will be calculated as follows:

Net cash provided by Operating activities = $310,000

Depreciation on plant assets = $90,000

Amortization of patents = $16,000

Net income will now be:

= Net cash provided by Operating activities - Depreciation on plant assets - Amortization of patents

= $ 310,000 - $ 90,000 - $ 16,000

= $ 204,000

It should be noted that the dividend that was paid of $108,000 isn't considered since it's a financing activity.

In conclusion, Sosa’s net income for 2018 was $204,000

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