2 Check my work Manchester Technology maintains its records using cash-basis accounting. Consider the following: During the year, the company received cash from customers, $47,000, and paid cash for salaries, $25,500. At the beginning of the year, customers owe Manchester $1,100. By the end of the year, customers owe $7,400. At the beginning of the year, Manchester owes salaries of $6,400. At the end of the year, Manchester owes salaries of $3,700. Determine cash-basis net income and accrual-basis net income for the year. Cash-basis net income Accrual-basis net income