Question 10 3 points Jackson Company had cash basis income of $700,000 during 2020. in preparing accrual basis Income statements, Jackson noted the following changes in certain relevant accounts: 1. Accounts payable was $4,000 at the beginning of the year and $2,500 at the end of the year. 2. Wages payable was $10,000 at the beginning of the year and $15,000 at the end of the year. 2. Prepaid rent was $8,000 at the beginning of the year and $2,000 at the end of the year. When the accrual basis Tricome statoment is prepared, what is the amount of accrual basis net incomo? DA 5690,500 S709,500 5697,500 BD $699,500