The Following Is Selected Information from BT Corporation for the Month

Multiple Choice

The following is selected information from BT Corporation for the month ending April 30, 2022. $\begin{array}{lr}\text { Cash sales } & \$ 200,000 \\\text { Collections from Accounts Receivable } & 340,000 \\\text { Revenue recognized } & 400,000 \\\text { Cash paid for expenses } & 280,000 \\\text { Purchase of equipment on April } 1 \text { (annual depreciation is } \$ 12,000 \text { ) } & 40,000 \\\text { Expenses incurred (excluding any depreciation) } & 238,000 \\\text { Additional investment by owner } & 100,000 \\\text { Owner drawings } & 20,000\end{array}$ What is BT's net income for the month ending April 30, 2022?

A) $90,000.
B) $150,000.
C) $161,000.
D) $162,000.