In May, Many Happy Returns, Inc. provided $1,400 of services of which $1,000 was collected and had expenses of $800 of which $700 was paid. Its net income equals O $600 using accrual accounting versus $300 using cash basis O $700 using accrual accounting versus $200 using cash basis O $200 using accrual accounting versus $700 using cash basis O $300 using accrual accounting versus $600 using cash basis