Current Attempt in Progress

The following is selected information from Waterway Corporation for the fiscal year ending October $31,2020.$

Cash received from customers

Revenue recognized

Cash paid for expenses

Cash paid for computers on November $1,2019$ that will be used

for $3$ years $($annual depreciation is $$16300)$

Expenses incurred, including interest, but excluding any depreciation

Proceeds from a bank loan, part of which was used to pay for

the computers

$$303000$

$372000$

$185000$

$48900$

$221000$

$102000$

Based on the accrual basis of accounting, what is Waterway Corporation's net income for the year ending October $31,20$

$$134700.$

$$69100.$

$$151000.$

$$89100.$