Cerp He Content M apolrDom Home now.comel hedaban comowconnect QS 3-2 Computing accrual and cash income LO C1 In its first year of operations, Roma Company reports the following Earned revenues of $50,000 ($42.000 cash received from customers). Incurred expenses of $28.000 ($22,000 cash paid toward them). Prepaid $8,000 cash for costs that will not be expensed until next year. Compute the company's first year net income under both the cash basis and the accrual basis of accounting Cash Basis Accrual Basis Revenues Expenses Net come