ABC Company showed the following information at the end of the first year: Cash received from customers $600 Revenue eamed $700 Expenses accrued, including depreciation $146 Proceeds from a bank loan to purchase computer $160 Cash paid for computer to be used for 4 years $200 Cash paid for expenses $340 What is the company's net income for the year based on the accrual basis of accounting? 2.5214 b. 5604 C. $554 0.5864 Click Save