Daube Industries' operations for the month of July are summarized as follows: A. Provided $7,200 of services in July on account. B. Received $3,500 cash from customers for services provided in July. C. Received $1,900 cash for services to be provided in August. D. Received $3,800 cash from customers on account for services provided in June. E. Paid June's warehouse rental bill on account in the amount of $1,300. F. Received July's warehouse rental bill of $1,300; set it aside to be paid at a later date. Required: a. Determine the net income for July using the cash basis of accounting. b. Determine the net income for July using the accrual basis of accounting.