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Multiple Choice Question 74 Crane Company had the following transactions during 2016: . Sales of $4400 on account Collected $2300 for services to be performed

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Multiple Choice Question 74 Crane Company had the following transactions during 2016: . Sales of $4400 on account Collected $2300 for services to be performed in 2017 . Paid $1600 cash in salaries Purchased airline tickets for $230 in December for a trip to take place in 2017 What is Crane's 2016 net income using cash basis accounting? $5100. $470 O $4870 O $700

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