In its first vear of operations, Crane Compary recoprized $22,960 in service revenue, $4,920 of which was in acctunt and still outstanding at year-end. The remaining $18,040 was received in cash from customers. The cambarn incurred operating expenses of $12,956. Of these expenses, $9,840 were paid in cash; $3.116 was still owed on account at year-end. In addition. Crane prepaid \$1,968 for inurance coverage that would not be used until the second year of operaticrs. (a) Calculate the first year's net earningt under the cash tasis of accounting, and calculate the first year's net earnings under the accrual basis of accounting. (b) Which basis of accounting icash or accuall provides more useful information for decision-makers