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Question - Wasley Corp., a startup company, provided services to its customers and billed those customers for $350,000 in 2017. However, Wasely collected only $280,000 in cash in 2017 and the remaining $70,000 was collected in 2018. The company's employees earned $200,000 in 2017 wages that were not paid until the first week in 2018. What was the company's net income for 2017?
a. $0
b. $70,000
c. $150,000
d. $350,000
e. $200,000
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