Turku Services Company had a cash profit for its first year in business of $67 450 and an accrual profit of $49 860. Show how the two amounts reconcile, using the following information:
1. Uncollected revenue at the end of the year was $18 730.
2. Unpaid bills for expenses at the end of the year totalled $24 880.
3. Expenses for the next year, paid already, totalled $2300.
4. Depreciation on the company's equipment was $13 740 for the year.