8 eport n Exam The following is information from a certain corporation's financial records for the current fiscal year. i. Cash received from customers, $350,000 ii. Revenue earned, $390,000 iii. Cash paid for wages, $150,000 iv. Wages incurred, $160,000 v. Cash received from shareholders for additional shares of stock, $40,000 What is the company's net income for the current year using the cash- basis of accounting? $200,000 O $240,000 $270,000 $190,000 $230,000