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Kingbird Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from its regular bank, Kingbird Corp. requests you as its independent CPA to convert its cash-basis income statement data to the accrual basis. You are provided with the following summarized data covering 2019, 2020, and 2021. 2019 2020 2021 Cash receipts from sales: On 2019 sales $282,740 $170,360 $29,590 On 2020 sales -0- 362,530 92,100 On 2021 sales 423,990 Cash payments for expenses: On 2019 expenses 185,980 63,490 26,690 On 2020 expenses 43,820 a 161,920 58,410 On 2021 expenses 47,6606 232,790 Prepayments of 2020 expenses. bPrepayments of 2021 expenses. Your answer is partially correct. Using the data above, prepare abbreviated income statements for the years 2019 and 2020 on the accrual basis. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) KINGBIRD CORP. Income Statement (Accrual Basis) For the Year Ended December 31, 2019 2020 Sales Revenue $ $ 454630 Expenses Net Income /(Loss) $ $