Wilde Company Earned Revenues of $150,000 in Cash and $210,000

Wilde Company earned revenues of $150,000 in cash and $210,000 on account during 2016. Of the $210,000 on account, $61,000 was collected in cash in 2016 and the rest in 2017. The company incurred expenses of $135,000 in 2016 and made payments of $70,000 towards the expenses in 2016. What is net income in 2016 under cash-basis accounting?

A) $140,000
B) $80,000
C) $141,000
D) $225,000