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Primo industries collected 104282 from customers in 2014 of

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Primo Industries collected $104,282 from customers in 2014. Of the amount collected, $24,011 was from services performed in 2013. In addition, Primo performed services worth $41,148 in 2014, which will not be collected until 2015.

Primo Industries also paid $73,791 for expenses in 2014. Of the amount paid, $30,423 was for expenses incurred on account in 2013. In addition, Primo incurred $40,850 of expenses in 2014, which will not be paid until 2015.Compute 2014 accrual-basis net income.

Reference no: EM13587545

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