Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $370,000; Cash paid for rent, $46,000; Cash paid to employees for services rendered during the year, $126,000; Cash paid for utilities, $56,000.In addition, you determine that customers owed the company $52,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,200 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.

Accrual Net Income = $215,800

Explanation:

Rent expense incurred =Totalrentpaid /TotalNumberofyears

Rent expense incurred = $46,000 / 2years

Rent expense incurred = $23,000

Working notes

Total revenue=Sum of total revenue earned during the period

Total revenue = Cash collected from customers + amount owed by the customers at they earned

Total revenue = $370,000 + $52,000

Total revenue = $422,000

Total expenses= Sum of total expenses incurred by the company

Total expenses = Cash paid for rent expense + cash paid for employees salaries + cash paid for utilities + gas and electric expenses accrued

Total expenses = $23,000 + $126,000 + $56,000 + $1,200

Total expenses = $206,200

Net Income = Total revenue - Total expenses

Accrual Net Income = $422,000 - $206,200

Accrual Net Income = $215,800

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest