During 2020, Carson Networks, Inc. earned revenues of $800 million. Expenses totalled $590 million. CCarson collected all but $22 million of the revenues and paid $490 million on its expenses. Carson's top managers are evaluating the year, and they ask you the following questions. a. Under accrual accounting, what amount of revenue should the company report for 2020 ? Is the $800 million revenue earned or is it the amount of cash actually collected? b. Under accrual accounting, what amount of total expense should Carson report for the year- $590 million or $490 million? c. Which financial statement reports revenues and expenses? Which statement reports cash receipts and cash payments? a. Under accrual accounting, what amount of revenue should the company report for 2020? Is the $800 million revenue earned or is it the asnount of cash actually collected? The amount of revenue that should be reported for the year is $ million. The revenue recognition principle says to record revenue when it has been regardless of when Therefore, the amount of revenue reported is what Carson