Use following to compute companies accounting net income:
credit sales = 800,000
cash sales = 500,000
operating expenses on credit = 200,000
cash operating expenses =700,000
A/R Bewginning of year = 50,000
A/R End of Year = 80,000
A/P Beginning of year = 50,000
A/P end of year = 100,000
tax rate = 40%