You own River Beans LLC, a small, organic coffee roaster located in Orange County. Your customers are mostly small to medium sized coffee houses, restaurants and specialty shops. You keep your books on a cash basis but because you need to borrow money for your planned expansion, you need to provide your bank with accrual-based numbers by converting your books from the cash basis to the accrual basis. Here's your revenues and expenses for 2021 based on the cash basis of accounting:

Cash Receipts from Customers	$185,450
Cash Payments for:
Payroll	$ 82,000
Coffee Beans	$ 78,500
Other payments (insurance, rent, utilities etc.)	$ 23,000

Here's the information you must consider to convert cash basis to accrual basis:

1. On December 27^th, you sold $ 3,650 in coffee beans to a local restaurant chain. The beans were delivered but the customer will not pay the bill until January 14^th.
2. As of December 31^st, you owe employees $ 3,060 for the last week of 2021.
3. You took a physical inventory of the coffee beans. Of the $78,500 in coffee beans purchased during the year, only $6,800 worth of coffee beans remain at December 31.
4. On December 29^th, you received a $1,500 deposit for a special coffee bean blend from a new customer. The beans will be delivered in January.

Required: Calculate the following

1. Your company's accrual-basis Revenues for 2021
2. Your company's accrual-basis Expenses for 2021
3. Your company's accrual-basis Net Income for 2021