***Figured out the cash basis, need help with the accrual basis***

***Please help solve the three question marks***

Cash-Basis and Accrual-Basis Income

Martin Sharp operates a lawn mower repair business. He maintains an inventory of repair parts that are purchased from a wholesale supplier. Martin's records show the following information for the first 3 months of 2013.

Month cash collected Amounts billed Cash payments cost of parts

For repair work to customers to supplier used repairs

Jan 2400 820 710 635

Feb 1885 0 440 295

March 2020 695 0 390

Required:

Ignoring expenses other than repair parts, calculate net income for each of the three months on a cash basis. Enter all amounts as positive numbers.

Jan Income =1690

Feb Income =1445

March Income =2020

Ignoring expenses other than repair parts, calculate net income for each of the three months on an accrual basis. Enter all amounts as positive numbers.

Jan Income =?

Feb Loss =?

March Income =?