Crane Industries collected $$104,000$ from customers in $2022.$ Of the arnount collected, $$24,100$ was for services performed in $2021.$ In

addition, Crane performed services worth $$38,100$ in $2022,$ which will not be collected until $2023.$

Crane Industries also paid $$70,500$ for expenses in $2022.$ Of the amount paid, $$29,000$ was for expenses incurred on account in $2021.$ In

addition, Crane incurred $$42,000$ of expenses in $2022,$ which will not be paid until $2023.$

$($a$)$ Compute $2022$ cash$-$basis net income.

Cash$-$basis net income

$($b$)$ Compute $2022$ accrual$-$basis net income.