Exercise 5919 Metlock Corp. maintains its financial records on the cash basis of accounting. Interested in sech its independent CPA to convert its cash-basis income statement data to the accrual basis. You a 2021. 2019 2020 2021 $270,700 $168,230 355,340 Cash receipts from sales: On 2019 sales On 2020 sales On 2021 sales Cash payments for expenses: On 2019 expenses On 2020 expenses On 2021 expenses $27,090 90,130 429,650 200,900 42,600 62,590 145,100 48,090 b 54,980 211,040 Prepayments of 2020 expenses. bPrepayments of 2021 expenses. Your answer is partially correct. Try again. Using the data above, prepare abbreviated income statements for the years 2019 and 2020 on the cash the number e.g. -45 or parentheses e.g. (45).) METLOCK CORP. Income Statement (Cash Basis) For the Year Ended December 31, 2019 Sales Revenue 2020 Sales Revenue 270700 168230 Sales Revenue 355340 270700 523570 2 your answer is partially correct. Try again. Using the data above, prepare abbreviated income statements for the years 2019 and 2020 on the accrual basis the number ..-45 or parentheses e.o. (45).) DOLL Your answer is partially correct. Try again. Using the data above, prepare abbreviated income statements for the years 2019 and 2020 on the accrual basis. (Enter loss the number e.g.-45 or parentheses e.g. (45).) METLOCK CORP. Income Statement (Accrual Basis) For the Year Ended December 31, 2019 2020 cales Revenue 200900 62590 Expenses 42600 145100 Net Income / (Loss) 243500 207690 Click if you would like to Show Work for this question: Coen Show.Work Question Attempts: 1 of 5 used SAVE FO DOLL