During the month of March 2014, Dark World, a tax- preparation service, had the following transactions. Billed $296,000 in revenues on credit Received $298,000 from customers' accounts receivable Incurred expenses of $159,000 but only paid $77,700 cash for these expenses - Prepaid $22,220 for computer services to be used next month What was the company's accrual basis net income for the month?
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