The following is selected information from J Corporation for the fiscal year ending October 31, 2010.

Cash received from customers	$ 175,000
Revenue earned	710,000
Cash paid for expenses	160,000
Cash paid for computers on November 1, 2007 that will be used	18,000
for 3 years (annual depreciation is $6,000)
Expenses incurred, not including any depreciation	112,000
Proceeds from a bank loan, part of which was used to pay for	75,000
the computers

Based on the accrual basis of accounting, what is J Corporation's net income for the year ending October 31, 2010?

	A.	$540,000
	B.	$592,000
	C.	$572,000
	D.	$598,000