40. Selected T-acoount balances for Company ABC are shown below as of the end of January. The company's accounting adjustment entries have already been posted. The firm uses a calendar-year accounting period, prepares monthly adjustments and uses straight-line depreciation. If the truck has a useful life of 8 years (or 96 months) with no salvage value, how many months has the Company owned the truck "as of January 31 ? A) 3 months B) 24 months C) 12 manths D) 18 months 41. Assume that Aiello Corporation had $1,003,881 sales on credit during fiscal year 2016 . What amount did the company collect from credit customers during the year? A) $1,003,881 B) $1,004,635 C) $1,003,127 D) $1,247,301 42. Company ABC reports the following line items (partial list shown) in its trial balance. Based on this partial list. what was the company's net income