View Policies Current Attempt in Progress The following is selected information from Sheffield Corporation for the fiscal year ending October 31, 2022 Cash received from customers $298000 Revenue recognized 370000 Cash paid for expenses 180000 Cash paid for computers on November 1, 2021 that will be used for 3 years (annual depreciation is $15500) 46500 Expenses incurred, including interest, but excluding any depreciation Proceeds from a bank loan, part of which was used to pay for the computers 101000 219000 Based on the accrual basis of accounting, what is Sheffield Corporation's net income for the year ending October 31, 2022? O $151000 $135500 O $102500. O $71500