The following is selected information from Pina Colada Corp. for the fiscal year ending October 31, 2017. Cash received from customers Revenue recognized Cash paid for expenses Cash paid for computers on November 1, 2016 that will be used for 3 years Expenses incurred including any depreciation Proceeds from a bank loan, part of which was used to pay for the computers 110000 Based on the accrual basis of accounting, what is Pina Colada's net income for the year ending October 31, 2017? $330000 484000 187000 52800 237600 $246400 $279400 $228800 $297000