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 Accounts Receivable (Bog. Of Year) 20,000 Accounts Receivable (End of Year) 40,000 Accounts Payable (Beg. Of Year) 50,000 Accounts Payable (End of Year) 25,000 Corporate Tax rate 30% a) S120,000 b) $90,000 c) $210,000 d) $300,000