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Accrual Accounting Evan Corporation provided consulting services for Kensington Company in 2019. Evan incurred costs of $84,000 associated with the consulting and billed Kensington $126,000.

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Accrual Accounting Evan Corporation provided consulting services for Kensington Company in 2019. Evan incurred costs of $84,000 associated with the consulting and billed Kensington $126,000. Evan paid $56,000 of its costs in 2019 and the remaining $28,000 in 2020. Evan received $63,000.00 of its billing in 2019. Kensington paid the remaining $63,000 in 2020. Evan reports on the accrual basis of accounting. How much is Evan's 2019 and 2020 profit related to the Kensington consulting? 2019 2020 Net profit $ $ Check

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