Accrual- and Cash-Basis Expense Recognition The following information is taken from the accrual accounting records of Krueger Sales Company: a. During January, Krueger paid $9,150 for supplies to be used in sales to customers during the next 2 months (February and March). The supplies will be used evenly over the next 2 months. b. Krueger pays its employees at the end of each month for salaries earned during that month. Salaries paid at the end of February and March amounted to $4,325 and $4,100, respectively. c. Krueger placed an advertisement in the local newspaper during March at a cost of \$750. The ad promoted the pre-spring sale during the last week in March. Krueger did not pay for the newspaper ad until mid-April. Required: 1. Under cash-basis accounting, how much expense should Krueger report for February and March? February March 9 2. Under accrual-basis accounting, how much expense should Krueger report for February and March? February: March 4