Table:
|  | Year Ended |  |
| --- | --- | --- |
|  | June 30 |  |
|  | 2019 | 2018 |
| Net income | $271,885 | $365,034 |
| Non-cash expenses | 180,987 | 87,906 |
| Change in receivables | (11,777) | 21,489 |
| Change in deferred revenue | 23,656 | 1,255 |
| Change in other assets and liabilities | (33,623) | (63,542) |
| Net cash provided by operating activities | $431,128 | $412,142 |
Paragraphs:
LIQUIDITY AND CAPITAL RESOURCES
The Company’s cash and cash equivalents increased to $93,628 at June 30, 2019 from $31,440 at June 30, 2018. Cash at the end of fiscal 2018 was lower due primarily to the acquisition of Ensenta and higher repayment of debt in fiscal 2018.
The following table summarizes net cash from operating activities in the statement of cash flows:
Cash provided by operating activities increased 5% compared to fiscal 2018. Cash from operations is primarily used to repay debt, pay dividends and repurchase stock, and for capital expenditures.
Question:
What is the average net income for 2018 and 2019?
Answer: ($271885+$365034)/2 = 318459.5