Cristine opens a retail store. Her sales during the first year are $800,000, of which $80,000 has nol been colected at year-end. Her purchasas are $450,000. 5 he stil owes $00. Co0 if her supplen and at year-end she has $90,000 of inventory on hand. She incurred operasng expenses of 5110,000 . At year-end she has not paid 545,000 of the expenses Bead the reevirements. Requirements a. and b. Compute her net income from the busiress assuming she elects the acorual mathod. Then compute her net noome from the business assuming she elects the cash method. Requirements a. Compute her net income fom tha butiness assuming ste elects the accrual meshod. b. Compute her not income from the business assuming she elocts the canh method c. Would peying the 45,000 vhe owes for operating expenties belore year end change her not income under acchule method of mporting? under the cash method? Requirement c. Would paying the 545,090 she owes for operating expenses befcre year-end changs her net income under accnal method of reporting? under the cash method? Paying the $45,000 she owes tor operating expenses before year-end her net income under the accetual method, and her net inoorne under the cash Cristine opens a retail store. Her sales during the first year are $800,000, of which $80,000 has nol been colected at year-end. Her purchasas are $450,000. 5 he stil owes $00. Co0 if her supplen and at year-end she has $90,000 of inventory on hand. She incurred operasng expenses of 5110,000 . At year-end she has not paid 545,000 of the expenses Bead the reevirements. Requirements a. and b. Compute her net income from the busiress assuming she elects the acorual mathod. Then compute her net noome from the business assuming she elects the cash method. Requirements a. Compute her net income fom tha butiness assuming ste elects the accrual meshod. b. Compute her not income from the business assuming she elocts the canh method c. Would peying the 45,000 vhe owes for operating expenties belore year end change her not income under acchule method of mporting? under the cash method? Requirement c. Would paying the 545,090 she owes for operating expenses befcre year-end changs her net income under accnal method of reporting? under the cash method? Paying the $45,000 she owes tor operating expenses before year-end her net income under the accetual method, and her net inoorne under the cash