In its first year of operations, Crane Company recognized $$35,280$ in service revenue, $$7,560$ of which was on account and still outstanding at year$-$end. The remaining $$27,720$ was received in cash from customers.

The company incurred operating expenses of $$19,908.$ Of these expenses, $$15,120$ were paid in cash; $$4,788$ was still owed on account at year$-$end. In addition, Crane prepaid $$3,024$ for insurance coverage that would not be used until the second year of operations.

$($a$)$ Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting.

$\backslash$table$[[,$Cash Basis,Accrual Basis$],[$Net earnings $,,]]$

$($b$)$ Which basis of accounting $($cash or accrual$)$ provides more useful information for decision$-$makers?