T 2 # 15

Wilde Company earned revenues of $130,000 in cash and $210,000 on account during 2022. Of the $210,000 on acce cash payments of $70,000 towards the expenses in 2022 . What is net income in 2022 under cash - basis accounting? A. $145,000 B. $140,000 C. $60,000 D. $205,000 022. Of the $210,000 on account, $85,000 was colected in cash in 2022 and the rest in 2023 . The company incurted expenses of $135,000 on account in 2022 and made der cash-basis accounting? A. $145,006 a. 5140.000 c. 560000 D. 1206,000