Cash flow during the first year of operation for the Harman-kardon consulting company were as follow : cash collected from customer,$340000; cash paid for rent 40000; cash paid employee for service rendered during the year $ 120000 ; cash paid for utility, $50000 In additional you determine that customer owed the company $ 60000 at the end of year and no bad debts were anticipated . Also, the company owed the gas and electric company $ 2000 at the year- end the rent payment was for a two- year period. Calculate accrual net income for the year .