2 Points) Explain how accrual accountingdiffers from cash flow by solving the following problems. Sales on account Receivables collected Cost of goods sold Other expenses accrued Other expenses paid Purchases of inventory $840,000 $875,000 $420,000 $90,000 S 75,000 $350,000 (a) How much is net income or net loss? Be sure to indicate if your result is net income or net loss. et iacent (b) How much is cash flow? Be sure to indicate if it is positive or negative