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This question: 1 point(s) possible Wilde Company earned revenues of $130,000 in cash and $210,000 on account during 2018 Of the $210,000 on account, $81,000

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This question: 1 point(s) possible Wilde Company earned revenues of $130,000 in cash and $210,000 on account during 2018 Of the $210,000 on account, $81,000 was collected in cash in 2018 and the rest in 2019. The company incurred expenses of $105,000 on account in 2018 and made cash payments of $80,000 towards the expenses in 2018. What is net income in 2018 under cash - basis accounting? O A. $131,000 OB. $130,000 C. $50.000 OD. $235.000

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