Bella Corp. provided services that were acceptable to its cu…
Bella Corp. provided services that were acceptable to its customers and billed those customers for $175,000 last year. However, Che Bella collected only $140,000 last year, and the remaining $35,000 of last year’s revenues were collected this year. Che Bella employees earned $100,000 in last year’s wages, that were not paid until the first week of this year. How much net income does Che Bella report for this year? Please enter numbers only for your answer. _______
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