Current Attempt in Progress In 2020, Swifty Corp. had cash receipts from customers of $160,000 and cash payments for operating expenses of $94,000. At January 1, 2020, accounts receivable were $16,000 and total prepaid expenses were $19,900. At December 31, 2020, accounts receivable were $19,300 and total prepaid expenses were $21,800. Calculate the following: (a) Total Service Revenue $ (b) Total Operating Expenses $ View Policies Current Attempt in Progress The following are all changes in the account balances of Flounder Ltd. during the current year, except for Retained Earnings: Increase (Decrease) Increase (Decrease ) Cash $80,000 Accounts payable $(83,700 ) Accounts receivable (net) 77,000 Unearned revenue 24,000 Inventory 171,000 Bonds payable 90,000 Investments in FV-NI securities (32,000) Common shares 123,000 Contributed surplus 82,700 Calculate the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $21,300, which was paid in the current year. Net income for the current year $