Cash Liability Sales Made Received Incurred Cash Paid Repair revenue $30,000 $22,000 Computer sales 26,000 18,000 Computer purchases $55,000 $27,500 Employee wages 12,000 10,000 9,000 6,000 Supplies, utilities, etc.. Bonnie has computers on hand on December 31 that cost $40,000 and have a retail selling price of $65,000. Compute taxable income under the various methods. > Gross income: Accrual Hybrid Repair revenues Computer sales Total revenue Deductions: Cost of goods sold Employee wages Supplies, utilities, etc. Total deductions Taxable income E E