Testbank Multiple Choice Question 78 The following is selected information from Sheridan Company for the fiscal year ending $252000 369600 142800 Cash received from customers Revenue recognized Cash paid for expenses Cash paid for computers on November 1, 2021 that will be used for 3 years Expenses incurred including any depreciation Proceeds from a bank loan, part of which was used to pay for the computers 40320 181440 84000 Based on the accrual basis of accounting, what is Sheridan's net income for the year endir $174720 $226800 $188160 $213360 Click If you would like to Show Work for this question: Open Show Work