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In its accrual-basis income statement for the year ended December 31, 2022, Saturn Corp reported revenue of $4,200,000. Additional information was as follows: 12/31/2021 Acct
In its accrual-basis income statement for the year ended December 31, 2022, Saturn Corp reported revenue of $4,200,000. Additional information was as follows: 12/31/2021 Acct receivable $ 848,500.00 12/31/2022 Uncollectable $ 51,800.00 12/31/2022 Acct receivable $ 1,700,100.00 Under the cash basis of net income determination, how much should Saturn Corp report as revenue for 2022? A. $ 6,780,400 B. $ 2,580,400 C. $ 2,476,800 D. $ 3,296,600
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