Clean Cut, Inc. mows lawns at a fee of $ 95 per month. In the current year, 160 customers prepaid for the four months in the summer, beginning on May 1st. Clean Trim received 60,800 of cash receipts ($ 95 per month x 160 customers x 4 months) in May. Clean Trim , Inc. provided the required service for four months by mowing lawns throughout May, June, July, and August. During those months, the company incurred expenses of $ 6,000,$ 7,400,$ 8,800 ,and $ 6,000, respectively, and paid these expenses during the same month it consumed the economic benefit. Determine Clean Trim Inc.'s net income for each month from May through August under both the cash and the accrual bases of accounting.