ELF Company showed the following information at the end of the first year. Cash received from customers $150| Revenue earned $175 Expenses incurred, excluding depreciation 24 Proceeds from a bank loan to purchase computer 40 Cash paid for computer to be used for 5 years (Straight line 50 Cash paid for expenses depreciation, no salvage value) 510 deprecation a year What is ELF's net income for the year based on the accrual basis of accounting? 85 $66 $126 $141 $216