Jims Gymnastics Trainings operations for the month of October are summarized as follows:

A.	Provided $9,400 of training to students on account.
B.	Received $3,600 cash from students for training provided in October.
C.	Received $1,800 cash for training to be provided in November.
D.	Received $4,400 cash from students on account for training provided in September.
E.	Paid Septembers gym rental bill on account in the amount of $1,500
F.	Received Octobers rental bill of $1,300; set it aside.

Required:
a.	Calculate Net Income for October using the cash basis of accounting.

b.	Calculate Net Income for October using the accrual basis of accounting.