Larkspur Industries collected $ 98,700 from customers in 2022. Of the amount collected, $ 23,500 was for services performed in 2021. In addition, Larkspur performed services worth $ 37,600 in 2022, which will not be collected until 2023. Larkspur Industries also paid $ 67,680 for expenses in 2022. Of the amount paid, $ 28,200 was for expenses incurred on account in 2021. In addition, Larkspur incurred $ 39,480 of expenses in 2022, which will not be paid until 2023. (a) Compute 2022 cash-basis net income. Cash-basis net income $ (b) Compute 2022 accrual-basis net income. Accrual basis net income $