Cullumber & Associates maintains its records on the cash basis. You have been engaged to convert its cash basis income statement to the accrual basis. The cash basis income statement, along with additional information, follows: Cullumber & Associates Income Statement (Cash Basis) For the Year Ended December 31, 2020 Cash receipts from customers $461,500 Cash payments: Salaries and wages $158,200 Income taxes 59,500 Insurance 36,100 Interest 23,700 277,500 Net income $184,000 Additional information: Balances at 12/31 2020 2019 Accounts receivable Salaries and wages payable Income taxes payable Prepaid insurance Accumulated depreciation Interest payable $52,500 5,800 24,000 6,600 90,900 3,280 $31,500 19,200 19,400 4,200 86,500 9,200 Prepare the income statement as per accrual basis. Cullumber & Associates Income Statement (Accrual Basis) $ $ . . $