Computing and Comparing Income and Cash Flow Measures Penno Corporation recorded service revenues of $180,000 during the current year, of which $170,000 were on credit and $27,000 were for cash. Moreover, of the $153,000 credit sales, Penno collected $18,000 cash on those receivables before year-end. The company also paid $22,500 cash for wages during the year. Its employees also earned another $13,500 in wages during the last few weeks of the year, which were not yet paid at year-end. Required a. Compute the company's net income for the year. $ 0 b. How much net cash inflow or outflow did the company generate during the year? $ 0