Ren Company had the following transactions during 2020: Service Revenue of $14,400 on account. Services were performed in 2020. Paid $750 cash for Supplies None of the Supplies were used in 2020. Collected $6,000 cash for services to be performed in 2021 Paid $4,875 cash in salaries for services performed by employees in 2020 . What is Ren's 2020 net income using accrual basis accounting? $375 $14,775 $9,525 $8,775 $15,525