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Wing Company had the following transactions during 2016: Sales of 72,000 on account Collected 32,000 for services to be performed in 2017 Paid 10,000 cash

Wing Company had the following transactions during 2016:

Sales of 72,000 on account

Collected 32,000 for services to be performed in 2017

Paid 10,000 cash in salaries

Purchased airline tickets for 4,000 in December for a trip to take place in 2017

What is Wing's 2016 net income using accrual accounting?

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