On December 31, Cascade Inc. a wholesaler of patio furniture, has accrual sales of $450,000 and accrual expenses of $425,000. It has received cash related to these sales of $435,000 and paid cash related to these expenses of $420,000. What statement about Cascade's net income is not correct

A. Net income on the accrual basis is $25,000

B. Net income on cash basis is $15,000

C. Net Income on the accrual basis is $10,000 more than on the cash basis

D. All of the above