on Goods and services provided to customers during the period = $70,000 Cash received from customers during the period = $50,000 Goods and services received from employees and suppliers during the period = $30,000 Cash paid to employees and suppliers during the period = $20,000 == Cash basis net income is: Select one: O $10,000 O $20,000 O $30,000 $40,000 $50,000 X W