In the first year of operations, Katy pty Ltd revenue of $317,000 for services provided, $145,600 of which was on account and still outstanding at the year-end at 30 June 2021. Katy Pty ltd also received $20,000 cash in advance on 26 June 2021 for filming a major corporate event in August 2021.

How much service revenue would Katy pty ltd has at the year ended 30 June 2021 under:

the cash basis of accounting

the accrual basis of accounting