Current Attempt in Progress Carillo Painting collected 104,000 from customers in 2020. Of the amount collected, 24,300 was for services performed in 2019. In addition, Carillo performed services worth 41,000 of revenue in 2020, which will not be collected until 2021. Carillo Painting also paid 73,500 for expenses in 2020. Of the amount paid, 30,300 was for expenses incurred on account in 2019. In addition, Carillo incurred 40,700 of expenses in 2020, which will not be paid until 2021. (a) Compute 2020 cash-basis net income. Cash-basis net income (b) Compute 2020 accrual-basis net income. Accrual-basis net income e Textbook and Media Save for Later Attempts: 0 of 3 used Submit