During the month of January, Wright & Thompson, an accounting firm, had the following transactions: Billed $421,271 in revenues on credit Received $163,271 from customers' accounts receivable Incurred expenses of $255,200 but only paid $91,271 cash for these expenses Prepaid $36,896 for computer service to be used next month Required: What was the company's accrual basis net income for the month? (Show calculations)