Computing and Comparing Income and Cash Flow Measures Penno Corporation recorded service revenues of $240,000 in 2020, of which $204,000 were on credit and $36,000 were for cash. Moreover, of the $204,000 credit sales for 2020 , Penno collected $24,000 cash on those receivables before year-end 2020 . The company also paid $30,000 cash for 2020 wages. Its employees also earned another $18,000 in wages for 2020 , which were not yet paid at year-end 2020 . (a) Compute the company's net income for 2020.$ (b) How much net cash inflow (outflow) did the company generate in 2020 ? \$