CALCULATOR PRINTER VERSION BACK NEXT Exercise 3-03 Carla Vista Industries collected $104,000 from customers in 2020. Of the amount collected, $24,000 was for services performed in 2019. In addition, Carla Vista performed services worth $39,000 in 2020, which will not be collected until 2021. Carla Vista Industries also paid $74,000 for expenses in 2020. Of the amount paid, $30,700 was for expenses incurred on account in 2019. In addition, Carla Vista incurred $43,600 of expenses in 2020, which will not be paid until 2021. (a) Compute 2020 cash-basis net income. Cash-basis net income (b) Compute 2020 accrual basis net income. Accrual basis net income $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 5 used