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Questions Fowler Inc. had cash basis net income of $200,000 during 2020. In preparing accrual basis income statements, Fowler determined that Taxes Payablo were $10,000

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Questions Fowler Inc. had cash basis net income of $200,000 during 2020. In preparing accrual basis income statements, Fowler determined that Taxes Payablo were $10,000 at the beginning of the year and $6,000 at the end of the year, Prepaid Insurance was $17.500 at the beginning of the year and 519,000 at the end of the year. When the accrual basis Income statement is prepared, what is the amount of accrual basis not income? A $205,500 5194.500 GC3197,500 0 $202,500

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