BlossomIndustries collected $128,100from customers in 2022. Of the amount collected, $30,500was for services performed in 2021. In addition,Blossomperformed services worth $48,800in 2022, which will not be collected until 2023.

BlossomIndustries also paid $87,840for expenses in 2022. Of the amount paid, $36,600was for expenses incurred on account in 2021. In addition,Blossomincurred $51,240of 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