Haskins and Jones, Attorneys-at-Law, maintains its books on a cash basis. During 2021, the law firm collected $585,000 for services rendered to its clients and paid out $420,000 in expenses. You are able to determine the following information about accounts receivable, prepaid expenses, deferred service revenue, and accrued liabilities: January 1, December 31, 2021 2021 Accounts receivable $70,000 $58,000 Prepaid insurance 5,300 7,000 Prepaid rent 10,000 8,400 Deferred service revenue 10,000 12,200 Accrued liabilities (for various expenses) 13,000 16,700 In addition, 2021 depreciation expense on office equipment is $26.000. Required: Determine accrual basis net income for 2021. Add Deduct