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22. Wilton Company had the following transactions during 2010: . Sales of $5,400 on account . Collected $2,400 for services to be performed in 2010

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22. Wilton Company had the following transactions during 2010: . Sales of $5,400 on account . Collected $2,400 for services to be performed in 2010 . Paid 1,250 cash in salaries . Purchased airline tickets for $300 in December for a trip to take place in 2011 What is Wilton's 2010 net income using cash basis accounting? a. $6,550 b. $1,150 c. $6,250 d. $850

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