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Kingbird Corp. sells $6450 of goods on account in the current year and collects $3450 of this. It incurs $4200 in expenses on account

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Kingbird Corp. sells $6450 of goods on account in the current year and collects $3450 of this. It incurs $4200 in expenses on account during the current year and pays $2600 of them. Kingbird would report what amount of net income under the cash and accrual bases of accounting, respectively? O $3450 on the cash basis and $4200 on the accrual basis. O $3000 on the cash basis and $2250 on the accrual basis. O $850 on the cash basis and $2250 on the accrual basis. $2250 on the cash basis and $3000 on the accrual basis.

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