Computing and Comparing Income and Cash Flow Measures which were not yet paid at year$-$end.

a$.$ Compute the company's net income for the fiscal year.

$$

b$.$ How much net cash inflow or outflow did the company generate during the year?

Note: Enter net cash inflow as positive and net cash outflow as negative. $$

Explain why Penno's net income and net cash flow differ.

Note: Do not use a negative sign below.

Cash inflow from services rendered will be $ $$ than service revenue per the income statement because Penno only collected : $$ of revenues in cash but reported $$ as revenue.

Cash outflow for wages paid will be $ $0$ than wages expense on the income statement because $q$ remained unpaid at year$-$end.

The combined effects of these two items yields an overall difference of $ $$ between n$$t income and net cash $$