Please explain how you got the answer.

5. The following is selected information from Volcom Corporation for the fiscal year ending October 31, 2016. Cash received from customers Revenue earned Cash paid for expenses Cash paid for computers on November 1,2015 that will be used for 3 $300,000 350,000 170,000 48,000 200,000 100,000 years (annual depreciation is $16,000 ) Expenses incurred, not including any depreciation Proceeds from a bank loan, part of which was used to pay for the 100,000 computers Based on the accrual basis of accounting, what is Volcom Corporation's net income for the year ending October 31,2016 ? A) $114,000 B) $134,000 C) $82,000 D) $150,000