Dexter Technology maintains its records using cash$-$basis accounting. Consider the following:

During the year, the company received cash from customers, $$48,000,$ and paid cash for salaries, $$26,000.$

At the beginning of the year, customers owe Dexter $$1,200.$ By the end of the year, customers owe $$7,600.$

At the beginning of the year, Dexter owes salaries of $$6,600.$ At the end of the year, Dexter owes salaries of

$$3,800.$

Determine cash$-$basis net income and accrual$-$basis net income for the year.

Answer is complete but not entirely correct.