The Following Is Selected Information from Monty Corporation for the Fiscal

The following is selected information from Monty Corporation for the fiscal year ending October 31, 2022. $\begin{array}{lr}\text { Cash received from customers } & \$ 300,000 \\\text { Revenue recognized } & 378,000 \\\text { Cash paid for expenses } & 180,000\\\text { Cash paid for computers on November 1, } 2023 \text { that will be used }\\\text { for } 3 \text { years (annual depreciation is } \$ 15,000 \text { ) } & 45,000 \\\text { Expenses incurred, including interest, but excluding any depreciation } & 230,000\\\text { Proceeds from a bank loan, part of which was used to pay for }\\\text { the computers }&100,000\end{array}$ What is Monty Corporation's net income for the year ending October 31, 2022?

A) $75,000.
B) $105,000.
C) $133,000.
D) $148,000.