Brief Exercise 3-5 (Algo) Determine accrual-basis and cash-basis net income (LO3-1, 3-2) Dexter Technology maintains its records using cash-basis accounting. Consider the following: - During the year, the company recelved cash from customers, $38,000, and pald cash for salarles, $21,600. - At the beginning of the year, customers owe Dexter $1,000. By the end of the year, customers owe $5,600. - At the beginning of the year, Dexter owes salarles of $4,600. At the end of the year, Dexter owes salarles of $2,800. Determine cash-basis net Income and accrual-basis net Income for the year