use the following information to calculate the company's accounting net income for the year

. credit sales=$800,000,

cash= $500,000,

operating expense on credit=$200,000,

cash operating expenses=$700,000,

acct, rec.(beg. of year)=$50,000,

acct. rec.(end of year)=$80,000,

acct. payable(beg. of year)=$50,000,

acct. payable(end of year)=$100,000,

corporate tax rate=40%