ASAP PLEASE! THANK YOU!

P8-2C. Kim Andrews prepared the following income statement on a cash basis for Ed Sloan, M.D: ED SLOAN, M.D. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 Professional Fees Earned Expenses Net Income 500 00 00 18 0 0 0 00 32 000 00 Ed Sloan has requested information from Kim as to what his professional fees earned would be under the accrual-basis system of accounting. Kim has asked you to provide Dr. Sloan with this information, basing it on the following facts that Kim ignored in the original preparation of the financial report: 2020 2021 Accrued Professional Fees $4,200 $5,300 Unearned Professional Fees 6,200 4,250 Professional fees on the accrual basis (20 min)