In its first year of operations, Roma Company reports the following.

Earned revenues of $$58,000($ $$50,000$ cash received from customers$).$

Incurred expenses of $$32,000($ $$24,800$ cash paid toward them$).$

Prepaid $$10,000$ cash for costs that will not be expensed until next year.

Compute Roma's first$-$year net income under the cash basis and the accrual basis of accounting.

$\backslash$table$[[,$Cash Basis,Accrual Basis$],[$Revenues$,,],[$Expenses$,,],[$Net income,,$]]$