Brief Exercise 3-5 Determine accrual-basis and cash-basis net income (LO3-1, 3-2) Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $30,000, and paid cash for salaries, $20,000. At the beginning of the year, customers owe Rebel $1,200. By the end of the year, customers owe $4,000. At the beginning of the year, Rebel owes salaries of $3,000. At the end of the year, Rebel owes salaries of $2,000. Determine cash-basis net income and accrual-basis net income for the year. Answer is complete but not entirely correct. Cash-basis net income $ 10,000 Accrual-basis net income $ 11,800