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Help Save & Es Subu Molly's Auto Detailers maintains its records on the cash basis. During 2021, Molly's collected $72,000 from customers and paid $21,000

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Help Save & Es Subu Molly's Auto Detailers maintains its records on the cash basis. During 2021, Molly's collected $72,000 from customers and paid $21,000 in expenses. Depreciation expense of $5,000 would have been recorded on the accrual basis. Over the course of the year, accounts receivable increased $4,000, prepaid expenses decreased $2,000, and accrued abilities decreased $1000. Molly's accrual basis net income was Maple Choice S32.000 o 554.000 $40.000 4000

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