11. Sandra owns an insurance agency. The following selected data are taken from the agency balance sheet and income statement prepared using the accrual method. Revenue Salaries and commissions Rent Insurance Utilities Accounts receivable, 1/1/2017 Accounts receivable, 12/31/2017 Accounts payable, 1/1/2017 Accounts payable, 12/31/2017 Calculate Sandra's net profit using the cash method for 2017 $250,000 100,000 10,000 5,000 6,000 40,000 38,000 12,000 11,000