The following is selected information from Alpha-Beta-Gamma Corporation for the fiscal year ending October 31, 2014. 
Based on the accrual basis of accounting, what is Alpha-Beta-Gamma Corporation's net income for the year ending October 31, 2014?
A) $194,000.
B) $114,000.
C) $62,000.
D) $130,000.
Correct Answer:
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