Question 17 Durango Corp. maintains its accounting records on the cash basis but restates its financial Not yet answered statements to the accrual method of accounting. Durango had $110,000 in cash-basis pretax income for 2023. The following information pertains to Durango balance sheets for December Points out of 3.00 31, 2022 and 2023: Flag question 2022 2023 Inventory 51,000 40,000 Prepaid Expenses 6,000 13,000 Unearned Revenues 400 300 Under the accrual method, what amount of income before taxes should Durango report in its December 31, 2023 income statement? O a. $113,700 O b. $114, 100 O c. $113,900 O d. $105,900 O e. $106,100