Help with accrual and cash basis?

In its first year of operations, Ramirez Company recognized $32,000 in service revenue, $7,900 of which was on account and still outstanding at year-end. The remaining $24,100 was received in cash from customers. The company incurred operating expenses of $17,200. Of these expenses, $13,500 were paid in cash; $3,700 was still owed on account at year-end. In addition, Ramirez prepaid $2,610 for insurance coverage that would not be used until the second year of operations. Calculate the first year's net earnings under the cash basis of accounting, and accrual basis of accounting