Question 13 (2 points) The following is selected information from Ayayai Corp. for the fiscal...
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Question 13 (2 points) The following is selected information from Ayayai Corp. for the fiscal year ending October 31, 2020. Cash received from customers $260,000 Revenue recognized 451,000 Cash paid for expenses 159800 Cash paid for computers on November 1, 2016 45120 that will be used for 3 years Expenses incurred including any depreciation 202,800 Proceeds from a bank loan, part of which was 69,000 used to pay for the computers 5 Based on the accrual basis of accounting, what is Ayayai's net income for the year ending October 31, 2020? 8 Your
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