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, or the $204,000 credit sales for 2020, Penno collected $24,000 cash on those recelvables before year-end 2020. The company atso pald $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 2020.5 (b) How much net cash inflow toutfow) did the company generate in 2020 ? 1