Elanke, an owner of a restaurant, has the following financial information for the year ending December 31, 2016.

Elanke, an owner of a restaurant, has the following financial information for the year ending December 31, 2016.​

Revenue earned

$410,000

Cash received from customers

300,000

Expenses incurred in the purchase of ingredients

250,000

Depreciation incurred during the year

700

Cash paid for miscellaneous expenses incurred in the year 2015

120,000

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Based on the accrual basis of accounting, Elanke's net income for the year is __________.

• ​$39,300
• ​$459,300
• ​$339,300
• ​$159,300