Jim's Gymnastics Training's operations for the month of October are summarized as follows: Provided $5, 800 of training to students. Received $9, 600 cash from students-of which $3, 100 is for training provided in October (as billed above), $1, 200 is for training to be provided in November, and $5, 300 is for training provided in September. Paid September's gym rental bill of $1, 100. Received October's bill of $1, 200 but did not pay. Calculate Net Income for October using the cash basis of accounting (Omit the "$" sign in your response.) Net Income $ _________ Calculate Net Income for October using the accrual basis of accounting (Omit the "$" sign in your response.) Net Income $ _________