Lauhl Corporation provides janitorial services to several office buildings. During April, Lauhl engaged in the following:

a. On April 1, Lauhl received $88,200 from Metro Corporation to provide cleaning services over the next months.

b. April 5, Lauhl purchased and received $8,500 of supplies on credit from Eagle Supply Sompany. During the month, Lauhl paid $5,000 to Eagle and used $1,300 of supplies. 

c. On April 20, Lauhl performed one-time cleaning services of $2,500 for Jones Company, Jones paid Lauhl the full amount on May 10.

d. On April 30, Lauhl paid employees wages of $6,900. An additional $850 was owed to employees for work performed in April. 

1. Calculate the amount of net income that Lauhl should recognize in April under cash-basis accounting. 

2. Calculate the amount of net income that Lauhl should recognize in April under accrual-basis accounting.