calculate the company's accounting net income for the year Credit Sales-------------- 800,000 cash sales---------------- 500,000 Operating expenses on credit-- 200,000 cash operating expenses-- 700,000 accounts receivable (beg. of Year)-- 50,000 accounts receivable (End of Year)-- 80,000 accounts payable (beg. of Year)-- 50,000 accounts payable (End of Year)--100,000 corporate Tax Rate 40%