Claymore Corporation maintains its book on a cash basis. During 2013, the company collected $825,000 in fees from its clients and paid $512,000 in expenses. You are able to determine the following information about accounts receivable, supplies, prepaid rent, salaries payable, and interest payable: 
In addition, 2013 depreciation expense on office equipment and furniture is $55,000.
Required:
Determine accrual basis income for 2013.
Definitions:
Confidence Interval
A range of values, derived from sample data, within which there is a certain level of confidence that the true population parameter lies.
Mean
The mean is the arithmetic average of a set of numbers, calculated by dividing the sum of all values by the count of the values.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.
Confidence Interval
A confidence interval provides a range of values that likely contain the true value of an unknown population parameter, with a certain level of confidence.
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