1 pts Guardian Corp. sells 56,250 of goods on account in the current year and collects $3.250 of this. It incurs $4,200 in expenses on account during the current year and pays $2.600 of them. Guardian would report what amount of net income under the cash and actual bases of accounting respectively 5650 on the cash bashs and $2.050 on the cat basis Solution Cashbasi 53.250 - 52600 - $650 cc basis: 56250 - 5420052050 $2.050 on the cash Dosis and 53.000 on the out $3250 on the cash basis and S4200 on the cours $3.000 on the basis and 51.00 on the ouabats