12. Use the following information to calculate Under Armour's accounting net income for the year

Credit Sales$600,000

Cash Sales$700,000

Operating Expenses on Credit$600,000

Cash Operating Expenses$400,000

Accounting Receivable (Beg. Of year)$20,000

Accounting Receivable (End of Year)$40,000

Accounting Payable (Beg. Of Year)$50,000

Accounting Payable (End OF year)$25,000

Corporate Tax rate30%

a)$120,000b) $90,000c) $210,000d) $300,000