Grouper Corp. maintains its financial records using the cash basis of accounting. As it would like to secure a long-term loan from its bank, the company asks you, as an independent CPA, to convert its cash basis income statements information to the accrual basis. You are provided with the following summarized data for 2018, 2019, and 2020: 2018 2019 2020 Cash receipts from sales: On 2018 sales $336,000 $168,000 $33,000 On 2019 sales -0- 341,000 99,000 On 2020 sales -0- -0- 398,900 Cash payments for expenses: On 2018 expenses 194,280 70,360 27,400 On 2019 expenses 42,000 a 141,700 56,200 On 2020 expenses -0- 48,000 b 233,000 a Prepayments of 2019 expense b Prepayments of 2020 expense Using the information above, prepare abbreviated income statements for the years 2018 and 2019 using the cash basis of accounting