Hulk Enterprises has the following facts: Received $30,000 cash from customers paying on their account (paying for services provided to them in a prior period). Paid $25,000 cash to suppliers for goods received in a prior period. Received $100,000 cash from customers for services provided to them in the current accounting period. Used up $20,000 of prepaid expenses in the current period. Provided $40,000 of services to customers in the current period who had paid for those services in a prior period. Paid $60,000 cash to suppliers for goods received in the current period. Provided $25,000 of services to customers in the current period who will pay in a later period. Calculate cash basis net income for the current period