ABC Corporation had the following items of expense and expenditures in 2020 Purchase of equipment in cash 200,000 Freight on purchase of equipment in cash 20,000 2020 salaries expenses paid this period 50,000 Supplies bought in 2019, half was used in 2020 16,000 Depreciation expenses on property 24,000 2020 expenses, not paid this period 12,000 2021 expenses, paid this period 18,000 Determine the total deductions under Cash and Accrual basis of accounting