during 2005, beta had cash sales of $65000 and credit sales of $25000 .

operating expences were $40000 of which $30000 was paid in 2005. In addition, Beta purchased a piece of equipment at the beggining of the year for $21000 cash that is expected to have a useful life of 3 years and no salvage value . (streight line depreciation). Beta's cash basis net income is ?

14000

25000

35000

44000

using same info what is accrual basis net income

18000

29000

43000

50000