The information below is for Mumu Company. . During the year. Mumu Company signed consulting contracts totaling $44.000.000 During the year, Mumu Company completed work on consulting contracts with a total contract price of $17.300,000. Work on the remaining $26,700,000 in contracts is 30% completed. During the year, Mumu Company collected ALL the cash from its consulting contracts totaling $44,000,000. 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 $11.900,000 cash. This machine is expected to be useful for 15 years. The machine has no salvage value. On November 17, Mumu Company purchased inventory for $2,800,000 cash. Mumu Company plans to sell the inventory next year. On May 1, Mumu Company borrowed $7,400,000 in cash from a local bank. The annual interest rate on the loan is 10%. Mumu Company will repay the loan, with interest, next year on April 31. What is Mumu Company's NET INCOME for this year? O $24,023,333 O $42.713,333 O $23,776,667 O $21.223.333