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Homework: Assignment 3A Rojan Heydarali & | 05/29/20 10: score: 0 of 10 pts 2 of 4 (0 complete) HW Score: 0%, 0 of 3-40A (similar to) Question Help Healthy Hearts Consultants Inc. had the following selected transactions in August 2017: (Click the icon to view the transactions.) Requirements 1. Show how each transaction would be handled using the cash basis and the accrual basis. Assume depreciation expense of $35 for software and $35 for the computer. 2. Compute August income (loss) before tax under each accounting method. 3. Indicate which measure of net income or net loss is preferable. Use the transactions on August 11 and August 24 to explain. Requirement 1. Show how each transaction would be handled using the cash basis and the accrual basis. Assume depreciation expense of $35 for software and $35 for the computer. Under each column, give the amount of revenue or expense for August using the cash basis and the accrual basis. (Enter "0" for any transactions that do not affect revenues or expenses. Use parentheses or a minus sign when ente expenses or losses.) Healthy Hearts Consultants Inc. Amount of Revenue (Expense) for August 2017 Date Cash Basis Accrual Basis August Enter mber in the edit fields and then click Check