help please wirh problem set

Use the following information to answer the next 2 questions about Paul's Premium Pillows. Paul has the following events occur during the current year: A. Paul pays his employees $90,000 cash for work done in the current year. He also owes an additional $10,000 for work done this year. which he plans to pay at the beginning of next year. This is his first time making a journal entry related to wages in the current year. B. Paul purchases premium pillow inventory for $300,000. He pays for 80% of the amount using cash; the remaining 20% is paid on account. C. Paul purchases a TV advertisement during the current year, costing $20,000 cash. The advertisement will run during the first Husky game of next year. D. Paul sold some pillow inventory for $375,000 cash during the current year. $260,000 of this pillow inventory was shipped and received by the customer. The remaining amount represents orders that will not be shipped until next year. The cost that Paul paid for the already shipped pillows is $150,000 Question 1 1 pts Paul's Premium Pillows has the following events occur during the current year. If Paul uses the accrual basis, total Revenues would be and total Expenses would be If Paul uses the cash basis, total Revenues would be and total Expenses would be Create an accrual-basis income statement for Paul's Premium Pillows using the information provided in the previous question. Assume an income tax rate of 20\%. (Hint: Paul only has one operating expense!)