Wilde Company earned revenues of $170,000 in cash and $230,000 on account during 2018. Of the $230,000 on account, $79,000 was collected in cash in 2018 and the rest in 2019 . The company incurred expenses of $145,000 on account in 2018 and made cash payments of $100,000 towards the expenses in 2018. What is net income in 2018 under cash-basis accounting? $70,000 $149,000 $255,000 $130,000