Reconciliation of cash profit and accrual profit Goose Services Company had a cash profit for its first year in business of $75 200 and an accrual profit of

$60 330. Show how the two amounts reconcile, using the following information:

1 Expenses for the next year, paid already, totalled $5100.

2 Unpaid bills for expenses at the end of the year totalled $26 180.

3 Uncollected revenue at the end of the year was $21 750.

4 Depreciation on the company’s equipment was $15 540 for the year.