Beta had cash sales of

$75,000

and credit sales of

$65,000

. Bela's operating expenses (not including depreciation) were

$90,000

, of which

$20,000

cash was paid. In addition, Beta purchased a truck on the first day of the current year for

$30,000

cash that was expected to have a useful life of 5 years and no salvage value (straight-line depreciation). What was Beta's accrual basis and cash basis net income? (Ignore income taxes.)\ Accrual Basis Net Income

=$50,000

Cash Basis Net Income

=$55,000

\ Accrual Basis Net Income

=$44,000

Cash Basis Net Income

=$25,000

\ Accrual Basis Net Income

=$44,000

Cash Basis Net Income

=$55,000

\ The correct answer is not listed.\ Accrual Basis Net Income

=$14,000

Cash Basis Net Income

=$46,000

Beta had cash sales of $75,000 and credit sales of $65,000. Bela's operating expenses (not including depreciation) were $90,000, of which $20,000 cash was paid. In addition, Beta purchased a truck on the first day of the current year for $30,000 cash that was expected to have a useful life of 5 years and no salvage value (straight-line depreciation). What was Beta's accrual basis and cash basis net income? (Ignore income taxes.) Accrual Basis Net Income =$50,000 Cash Basis Net Income =$55,000 Accrual Basis Net Income =$44,000 Cash Basis Net Income =$25,000 Accrual Basis Net Income =$44,000 Cash Basis Net Income =$55,000 The correct answer is not listed. Accrual Basis Net Income =$14,000 Cash Basis Net Income =$46,000