A tax service prepared tax returns for 20 clients at $200 each in the month of June. By the end of June, the service payment had been collected from 8 clients. Under the accrual basis, what amounts will be reported on the statement of earnings and the statement of cash flows for June?

statement of earnings : $1,600; statement of cash flows: $1,600 b. statement of earnings: $2,400; statement of cash flows: $2,400 c. statement of earnings: $4,000; statement of cash flows: $1,600 d. statement of earnings: $4,000; statement of cash flows: $4,000