2. Wilson Co. keeps its accounting records on the accrual-basis of accounting for financial reporting purposes and converts to cash-basis accounting for its income tax returns. On its 2015 income statement, Wilson reported net income of $1,761,300. According to its accounting records, the fimm began 2015 with balances in Accounts Receivable of $278,100 and in Wages Payable of S162,225. Ending balances in Accounts Receivable and Wages Payable were S463,500 and S115,875, respectively. What amount of cash-basis income will the firm report on its 2015 income tax return? a. $1,993,050 b. $1,900,350 c. $1,622,250 d. $1,529,550 e. $1,495,450