A company started business on January 1, 2006. At the end of 2006, the accounting records provided the following unadjusted and pre-tax amounts: Sales revenue (cash), $186,000; cost of goods sold, $100,000; expenses (cash), $40,000; accrued wages, $6,000; accrued rent revenue, $2,000; and a 40 percent average income tax rate. What was the net income on accrual basis? Select one: O a. $27,600 Ob. $30,000 c. $22,800 d. $25,200