View Policies Current Attempt in Progress In its first month of operations, Sunland earned $64400 in service revenue, $4100 of which was on account and still outstanding at year-end, with the balance received in cash. The company incurred operating expenses of $47400. Of these expenses, $2200 was still owed on account at year-end. What amount of net income will Sunland report on its income statement for its first month if it uses cash-basis accounting? O $12900 O $15100 O $19200 O $17000