HL Corporation recorded service revenues of $250,000 in 2018, of which $85,000 were on credit and $165,000 were for cash. Moreover, of the $85,000 credit sales for 2018, HL collected $30,000 cash on those receivables before year-end 2018. The company also paid $60,000 cash for 2018 wages. Its employees also earned another $20,000 in wages for 2018, which were not yet paid at year-end 2018. Compute the company's net income for 2018. $80,000 $60,000 $170,000 $140,000