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Please help! Winter Company earned revenues of $150,000 in cash and $200,000 on account during 2016. Of the $200.000 on account, $85,000 was collected in

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Winter Company earned revenues of $150,000 in cash and $200,000 on account during 2016. Of the $200.000 on account, $85,000 was collected in cash in 2016 and the rest in 2017. The company incurred expenses of $125,000 in 2016 and made payments of $70,000 towards the expenses in 2016. What is net income in 2016 under accrual accounting

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