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Your answer is incorrect. Windsor Industries collected $ 104,000 from customers in 2020. Of the amount collected, $ 24,900 was for services performed in 2019. In addition, Windsor performed services worth $ 41,200 in 2020, which will not be collected until 2021. Windsor Industries also paid $ 73,600 for expenses in 2020. Of the amount paid, $ 30,500 was for expenses incurred on account in 2019. In addition, Windsor incurred $ 40,500 of expenses in 2020, which will not be paid until 2021. (a) Compute 2020 cash-basis net income. Cash-basis net income (b) Compute 2020 accrual-basis net income. Accrual-basis net income $ e Textbook and Media Save for Later Last saved 41 minutes ago. Attempts: unlimited Submit