Compute Cash Basis Net Income, and Accrual Basis Net Income with the following information (numbers will be different): Buck Owens Inc. had the following transactions during 2006. Collected $3, 400 for services to be performed in 2007 Sales of $6.400 on account Paid $750 cash in salaries Purchased airline tickets for $500 in December for a trip to take place in 2007 Sales of $500 for services performed in 2006 and collected in cash in 2006