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QUESTION
Wilton Company had the following transactions during 2010.
Wilton Company had the following transactions during 2010.* Sales of $5,400 on account* Collected $2,400 for services to be performed in 2011* Paid 1,250 cash in salaries* Purchased airline tickets for $300 in December for a trip to take place in 2011What is Wilton's 2010 net income using cash basis accounting?
