Blossom Industries collected $ 128,100 from customers in 2022. Of the amount collected, $ 30,500 was for services performed in 2021. In addition, Blossom performed services worth $ 48,800 in 2022, which will not be collected until 2023. Blossom Industries also paid $ 87,840 for expenses in 2022. Of the amount paid, $ 36,600 was for expenses incurred on account in 2021. In addition, Blossom incurred $ 51,240 of expenses in 2022, which will not be paid until 2023. (a) Compute 2022 cash-basis net income.

Cash-basis net income

$ enter the cash-basis net income in dollars

(b) Compute 2022 accrual-basis net income.

Accrual-basis net income

$ enter the accrual-basis net income in dollars