Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $360,000; Cash pald for rent, $44,000; Cash pald to employees for services rendered during the year, $124,000; Cash pald for utillitles, $54,000. In addition, you determine that customers owed the company $64,000 at the end of the year, and no bad debts were anticipated. Also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year perlod. Calculate accrual net Income for the year