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Question 35 1 pts Dr. Bob Zimmerman, M.D. maintains the accounting records of the Wellness Center on a cash basis. During the year, Dr.

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Question 35 1 pts Dr. Bob Zimmerman, M.D. maintains the accounting records of the Wellness Center on a cash basis. During the year, Dr. Zimmerman collected $309,877 from his patients and paid $98,441 in expenses. Information regarding the amount of receivables (accrued revenues), unearned revenues, payables for accrued expenses, and prepaid expenses is as follows: Balance at Beginning of Year Balance at End Accounts Receivable $42,002 $49,303 Unearned Revenues $3,837 $2,088 Accrued Payables $5,573 $5,665 Prepaid Expenses $5,863 $5,813 What is Dr. Zimmerman's net income on an accrual basis?

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