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Wing Company had the following transactions during 2016: Sales of X72,000 on account Collected X32,000 for services to be performed in 2017 Paid X10,000 cash

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Wing Company had the following transactions during 2016: Sales of X72,000 on account Collected X32,000 for services to be performed in 2017 Paid X10,000 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? 90,000. 62,000. 58,000. 94,000

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