A The following cash$$basis income statements pertain to the Maestro Company's operations: $2013$

Sales $($cash in$)$ $$1,200,000$

Expenses $($cash out$)$ $$800,000$

If the company had been on an accrual basis, the following information would have been recorded:

Accounts receivable

Beginning of year $............................$ $$45,000$

End of year $..................................$ $$54,000$

Payables

Beginning of year $............................$ $$41,000$

End of year $..................................$ $$46,000$

REQUIRED: Calculate the accrual$-$based net income for $2013.$

B The following accrual$-$based income statements pertain to the Maestro Company's operations: $2014$

Accrual$-$based Sales $$900,000$

Accrual$-$based Expenses $$700,000$

The following information was recorded for the year.:

Accounts receivable

Beginning of year $............................$ $$54,000$

End of year $..................................$ $$50,000$

Payables

Beginning of year $............................$ $$46,000$

End of year $..................................$ $$53,000$

REQUIRED: Calculate the net cash flow for $2014.$