Question: Question 13 (2 points) The following is selected information from Ayayai Corp. for the fiscal year ending October 31, 2020. Cash received from customers $260,000

 Question 13 (2 points) The following is selected information from Ayayai

Question 13 (2 points) The following is selected information from Ayayai Corp. for the fiscal year ending October 31, 2020. Cash received from customers $260,000 Revenue recognized 451,000 Cash paid for expenses 159800 Cash paid for computers on November 1, 2016 45120 that will be used for 3 years Expenses incurred including any depreciation 202,800 Proceeds from a bank loan, part of which was 69,000 used to pay for the computers 5 Based on the accrual basis of accounting, what is Ayayai's net income for the year ending October 31, 2020? 8 Your

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