The following is selected information from Monty Corporation for the fiscal year ending October 31, 2020. Cash received from customers $300,000 Revenue recognized 378,000 Cash paid for expenses (debt) 180,000 Cash paid for computers on November 1, 2019 that will be used for 3 years (annual depreciation is $15,000) 45,000 Expenses incurred, including interest, but excluding any depreciation 230,000 Proceeds from a bank loan, part of which was used to pay for the computers 100,000 Based on the accrual basis of accounting, what is Monty Corporations net income for the year ending October 31, 2020? a. $75,000 b. $105,000 c. $133,000 d. $148,000