Mocha Jo's recorded service revenues of $100,000 during the current year, of which $75,000 were on credit and $25,000 were for cash. Moreover, of the $75,000 credit sales, Mocha Jo's collected $50,000 cash on those receivables before year-end. The company also incurred $60,000 in total expense for beans, supplies, and wages during the year, but approximately $5,000 of wages earned during the last week of the year were not yet paid at year-end. a). Compute the Company's net income for the year (show your calculations): Net income = b. How much net cash flow or outflow did the company generate during the year (show your calculation)? Cash flow = Use the editor to format your