Question 30 Nol yet answered Points out of 3.00 P Flag question Lorango Corp. maintains its accounting records on the cash basis but restates its financial statements to the accrual method of accounting. Lorango had $110,000 in cash-basis pretax income for 2019. The following information pertains to Lorango's balance sheets for December 31, 2018 and 2019 2018 51,000 13,000 2019 Inventory Prepaid Expenses Under the accrual method, what amount of income before taxes should Lorango report in its December 31, 2019 income statement? Select one a $114,000 O b. S97,000 O c $138,000 d $106,000 e. $92,000