Zuhoor Muscat Company reported the following transactions during the year 2020: collected RO 85,000 cash from customers for services provided during 2020 and Received RO 65,000 from customers for services provided during 2019. Additionally, Zuhoor Muscat Company provided services to customers during 2020 for a total of RO 120,000 and accepted RO 35,000 cash for services to be performed in 2021. If Zuhoor Muscat Company is applying cash basis accounting, then the effect of the above transactions on its net income at year-end 2020 will be: O a Increase by RO 205,000. Ob Increase by RO 185,000. Oc Increase by RO 240,000. Od. None of the options are correct. Oe Increase by RO 270,000.

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