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Check m 1 Cash flows during the first year of operations for the Harman Kardon Consulting Company were as follows: Cash collected from customers, $360,000;

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Check m 1 Cash flows during the first year of operations for the Harman Kardon Consulting Company were as follows: Cash collected from customers, $360,000; Cash paid for rent, $44,000; Cash paid to employees for services rendered during the year, $124,000; Cash paid for utilities, $54,000. 2. points 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 period. 01:57:23 Calculate accrual net income for the year

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