Use the following information for the next question. SRC showed the following Cash received from customers Expenses incurred, including depreciation $700 $600 Revenue earned 146 proceeds from a bank loan to purchase computer 200 Cash paid for expenses 160 Cash paid for computer to be used for 4 years with yearly straight-line depreciation of $50 340 What is SRC's net income for the year based on the accrual basis of accounting? What is SRC's net income for the year based on the accrual basis of accounting? $60 $824 $604 $554