When total expenses exceed total revenues, the result is: O A. an increase to retained earnings. B. a net loss. C. a net profit. O D. a dividend. Winter Company eamed revenues of $180,000 in cash and $220,000 on account during 2016. Of the $220,000 on account, $64,000 was collected in cash in 2016 and the rest in 2017. The company incurred expenses of $125,000 in 2016 and made payments of $70,000 towards the expenses in 2016 What is net income in 2016 under accrual accounting? O A $275,000 B. $95.000 OC. $330,000 D. $400.000 Wid