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How much net income is reported by this company in Year 1 vs Year 2? Heres the info: -This company billed customers for 620,000, but

How much net income is reported by this company in Year 1 vs Year 2?
Heres the info:
-This company billed customers for 620,000, but collected only 520,000 in cash for year 1
-Employees earned 300,000 in wages, but they were not paid until the first week of year 2.
-Collected remaining balance of 100,000 in cash in year 2

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