The information below is for Mumu Company . During the year, Mumu Company signed consulting contracts totaling $32.900,000 During the year, Mumu Company completed work on consulting contracts with a total contract price of $18,600,000. Work on the remaining $14,300,000 in contracts is 30% completed . During the year, Mumu Company collected ALL the cash from its consulting contracts totaling $32.900.000. The customers paid all of the cash this year even though all of the work is not yet completed (see the previous item). On January 1 of this year, Mumu Company purchased a machine for $14,000,000 cash. This machine is expected to be useful for 20 years. The machine has no salvage value On November 17, Mumu Company purchased Inventory for $3,100,000 cash. Mumu Company plans to sell the inventory next year. . On May 1, Mumu Company borrowed $9,000,000 in cash from a local bank. The annual interest rate on the loan is 9%. Mumu Company will repay the loan, with interest, next year on April 31. What is Mumu Company's NET INCOME for this year? O $21.650.000 $18,550,000 O $21,380,000 O $31,660,000