1 1 Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $355,000; Cash paid for rent, $43,000; Cash paid to employees for services rendered during the year, $123,000; Cash paid for utilities, $53,000. In addition, you determine that customers owed the company $63,000 at the end of the year, and no bad debts were anticipated. Also, the company owed the gas and electric company $2,300 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year. points eBook Net income $ 236,200 Print References