Use the following information to calculate the XYZ company's accounting net income for the vear. $150,000 $120,000 $62,500 $60,000

Use the following information to calculate the XYZ companVs accounting net income for the year. Credit Sales Cash Sales Operating Expenses on Credit Cash Operating Expenses Accounts Receivable (Beg. of Year) Accounts Receivable (End of Year) $400,000 $250,000 $100,000 $350,000 $25,000 $40,000 Accounts Payable (Beg. of Year) $25,000 Accounts Payable (End of Year) $50,000 Corporate Tax Rate $150,000 $120,000 $62,500 $60,000