5 Your answer is partially correct. Wildhorse Industries collected $106,000 from customers in 2022. Of the amount collected, $24,100 was for services performed in 2021. In addition, Wildhorse performed services worth $39,300 in 2022,which will not be collected until 2023. Wildhorse Industries also paid $70,000 for expenses in 2022. Ofthe amount paid, $29,700 was for expenses incurred on account in 2021. In addition, Wildhorse incurred $43,500 of expenses in 2022, which will not be paid until 2023. (a) Compute 2022 cash-basis net income. Cash-basis net income $ 36000 (b) Compute 2022 accrual-basis net income. Accrual-basis net income 55