10. The following is selected information from Motley Corporation for the fiscal year ending October 31, 2019. Cash received from customers $300,000 Revenue recognized 375,000 Cash paid for expenses 180,000 Cash paid for computers on November 1, 2018 that will be used for 5 years (annual depreciation is $9,600) 48,000 Expenses incurred, including interest, but excluding any depreciation 210,000 Proceeds from a bank loan, part of which was used to pay for the computers 100,000 Based on the accrual basis of accounting, what is Motley Corporation's net income for the year ending October 31, 2019? a. $72,000. b.$104,000. c.$139,000 d. $155,400. 11.Crue Company had the following transactions during 2019: Sales of S4,800 on account Collected $2,000 for services to be performed in 2020 Paid $2,625 cash in salaries Purchased airline tickets for $250 in December for a trip to take place in 2020 What is Crue's 2019 net income using accrual accounting? a $2,925. b.$3,175. c.$4,925. d.$2,175. 12.Crue Company had the following transactions during 2019: Sales of $4,500 on account Collected $2,500 for services to be performed in 2020 Paid $1,625 cash in salaries Purchased airline tickets for $450 in December for a trip to take place in 2020 What is Crue's 2019 net income using cash basis accounting? a.$625. b.$875. c.$5,125. d.$425