I don't know how I keep getting this question wrong, can I get an explanation, please?

Cash-Basis and Accrual-Basis Accounting The records of Summers Building Company reveal the following information for the year. 1. Cash receipts (including $50,000 paid by stockholders in exchange for common stock) were $273,500. 2. Cash payments (including $8,000 of dividends declared and paid to stockholders) were $164,850. 3. Total selling price of services billed to customers was $201,700. 4. Salaries earned by employees were $114,250. 5. Cost of supplies used in operation of the business was $47,325. Calculate Summers Building's net income on an accrual basis. $40125 X Check My Work Incorrect