The Following Is Selected Information from Motley Corporation for the Fiscal

The following is selected information from Motley Corporation for the fiscal year ending October 31, 2015. $\begin{array}{lr}\text { Cash received from customers } & \$ 300,000 \\\text { Revenue recognized } & 375,000 \\\text { Cash paid for expenses } & 180,000 \\\text { Cash paid for computers on November 1, 2014 that will be used } & \\\quad \text { for 3 years (annual depreciation is } \$ 16,000 \text { ) } & 48,000\\\text { Expenses incurred, including interest, but excluding any depreciation }&220,000\\\text { Proceeds from a bank loan, part of which was used to pay for }\\\text { the computers }&100,000\end{array}$ Based on the accrual basis of accounting, what is Motley Corporation's net income for the year ending October 31, 2015?

A) $72,000.
B) $104,000.
C) $139,000.
D) $155,000.