Cash flows during the first year of operations for the Harman Kardon Consulting Company were as follows: Cash collected from customers, $375,000; Cash paid for rent, $47,000; Cash paid to employees for services rendered during the year. $127,000; Cash pald for utilities, $57,000 In addition, you determine that customers owed the company $67,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $2,700 at year-end, and the rent payment was for a two-year periode Calculate accrual net income for the year. Net income