Exercise 3-3 Primo Industries collected $105,000 from customers in 2017. Of the amount collected, $25,300 was for services performed in 2016. In addition, Primo performed services worth $39,000 in 2017, which will not be collected until 2018. Primo Industries also paid $73,800 for expenses in 2017. Of the amount paid, $29,800 was for expenses incurred on account in 2016. In addition, Primo incurred $42,100 of expenses in 2017, which will not be paid until 2018. (a) Compute 2017 cash-basis net income. Cash-basis net incomes (b) Compute 2017 accrual-basis net income. Accrual-basis net incomes