The following is selected information from Motley Co. for the fiscal year ending October 31, 2019. Cash received from customers $300,000 Revenue recognized 375,000 Cash paid for expenses 180,000 Cash paid for computers on November 1, 2018 that will be used for 3 years (annual depreciation is $16,000) 48,000 Expenses incurred, including interest, but excluding any depreciation 220,000 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 Motley Co.'s net income for the year ending October 31, 2019? O $72,000. $155,000. $139,000 $104,000