Question: Computing Net Income. Please answer both parts with work & explanation if necessary. Thank you! M2-20. Computing Net Income L03, 4 Healy Corporation recorded service

Computing Net Income. Please answer both parts with work & explanation if necessary. Thank you!

Computing Net Income. Please answer both parts with work & explanation if

M2-20. Computing Net Income L03, 4 Healy Corporation recorded service revenues of $100,000 in 2018, of which $70,000 were for e\"- credit and $30,000 were for cash. Moreover. of the $70,000 credit sales, it collected $20,000 cash 0 on those receivables before year-end. The company also paid $60,000 cash for 2018 wages. 0. Compute the company's net income for 2018. [1. Suppose you discover that employees had earned an additional $ I 0,000 in wages in 2018, but this amount had not been paid. Would 2018 net income change? If so, by how much

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