On December 31, Sawyer Patterson completed his first year as a financial planner. The following data are available from his accounting records: Rent expense for year just ended $20,000 Fees billed to clients for services rendered $139,000 Cash received from clients Supplies purchased for cash 13,100 10,300 Supplies used during the year 39,400 Cash paid for rent (rent is paid through 35,100 Mar. of next year) 119,000 Utility expenses incurred 15,100 Utility bills paid 14,100 Salary earned by assistant Salary paidto assistant 23,000 a. Compute Sawyer's net income for the year just ended using the accrual basis of accounting. b. Compute Sawyer's net income for the year just ended using the cash basis of accounting.