Current Attempt in Progress

The following is selected information from Pharoah Company for the fiscal year ending October $31,2025.$

Cash received$$ from customers

$$372000.$

Revenue recognized

$545600$

Cash paid for expenses

$210800$

Cash paid for computers on November $1,2024$ that will be used for $3$ years

$59520$

Expenses incurred including any depreciation

$267840$

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

$124000$

Based on the accrual basis of accounting, what is Pharoah's net income for the year ending October $31,2025?$

$$334800$

$$277760$

$$314960$

$$257920$