Income statement, Statement of Retained Earnings, and Statement of Financial Position 6 Carey Company collected 130,000 from customers in 2019. Of the amount collected, 40,000 was for services performed in 2018. In addition, Carey performed services worth 50,000 in 2019, which will not be collected until 2020. Carey also paid 100,000 for expenses in 2019. Of the amount paid, 20.000 was for expenses incurred on account in 2018. In addition, Carey incurred 42,000 of expenses in 2019, which will not be paid until 2020. 2019 accrual-basis net income is 30,000 hp 7:27 1 VIE 24/04/20