g Enabled: Exam 1 (Chapters 1-4) Newman Consulting Company malntalns Its records on a cash besls. During 2021 the following cash flowes were recorded: cash recelved for services rendered to clients,...

Extracted text: g Enabled: Exam 1 (Chapters 1-4) Newman Consulting Company malntalns Its records on a cash besls. During 2021 the following cash flowes were recorded: cash recelved for services rendered to clients, $450,000; and cash pald for salarles, utilities, and advertising $255,000, $38,000, and $15,000, respectively. You also determine that customers owed the company $56,000 and $63,000 at the beginning and end of the year, respectively, and that the company owed the utillty company $6,000 and $3,500 at the beglinning and end of the year, respectively. Complete the table to determine accrual net Income for the year. Revenue Expenses: Salaries expense Utilities expense Advertising expense Net Income