3. Revenue recognition accrual basis vs. cash basis (2pts): Not So Strong, Inc. provides athletic training services to customers. The firm has a monthly accounting period. The accountant for Not So Strong noted the following events which took place during July 2022: i. ii. On July 2nd, received $5,890 in cash from customers for services that had already been provided on account on June 17th, 2022. On July 8th, provided $1,435 worth of services to customers, with all customers paying cash at the time of service. iii. On July 21st, provided $9,420 worth of services on account to customers. Cash was later collected from customers related to these services on August 3rd, 2022. iv. On July 28th, received $3,025 cash in advance from customers for services which will be provided on August 11th, 2022. a. Using cash-basis accounting, how much revenue would Not So Strong record for July 2022? Briefly explain or show how you got your answer. b. Using accrual-basis accounting, how much revenue would Not So Strong record for July 2022? Briefly explain or show how you got your answer.