4. The following is selected information f . infomation from J Corporation for the fiseal year ending October 31, 2007 Cash received from customers Revenue earned Cash paid for expenses Cash paid for computers on November 1, 2006 that will be used for 3 years xpenses incurred, not including any depreciation $300,000 350,000 170,000 48,000 200,000 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 J Corporation's net income for the year ending October 31, 2007? A) $134,000 B) $82,000 C) S150,000 D) S114,000