The following is selected information from M Corporation for the fiscal year ending October 31, 2007: Cash received from customers $300,000 Revenue earned 350,000 Cash paid for expenses 170,000 Expenses incurred, 200,000 (TCO E) Based on the accrual basis of accounting, what is M Corporation's net income for the year ending October 31, 2007? (Points: 3) $140,000 $114,000 $82,000 $150,000