BusinessCourse Return to course Module 3 Homework B Navigation 2 3 5 UMMAN Finish attempt ... Question 1 Not complete Marked out of 2.00 Flag question Support Dashl Computing and Comparing Income and Cash Flow Measures Penno Corporation recorded service revenues of $400,000 in 2020, of which $340,000 were on credit and $60,000 were for cash. Moreover, of the $340,000 credit sales for 2020, Penno collected $40,000 cash on those receivables before year-er also paid $50,000 cash for 2020 wages. Its employees also earned another $30,000 in wages for 2020, which were not yet paid at year-end 2020. (a) Compute the company's net income for 2020. $ 0 (b) How much net cash inflow (outflow) did the company generate in 2020? $ 0