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Alberta Storage operates approximately 300? mini-warehouses across Canada. The? company's headquarters are in Medicine? Hat, Alberta. During? 2014, Alberta earned rental revenue of $ 28.0

Alberta Storage operates approximately 300? mini-warehouses across Canada. The? company's headquarters are in Medicine? Hat, Alberta. During? 2014, Alberta earned rental revenue of $ 28.0 million and collected cash of ?$27.6 million from customers. Total expenses for 2014 were ?$20.4 ?million, of which Alberta paid ?$17.7 million. Required 1. Apply the recognition criteria for revenues and the matching objective to compute Alberta ?Storage's net income for 2014. 2. Identify the information that you did not use to compute Alberta ?Storage's net income. Give the reason for not using the information

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