McDonald Music sells used CDs for $4.00 each. During the month of April. McDonald sold 7, 650 CDs for cash and 13, 220 CDs on credit. McDonald's cash collections in April included $30.600 for the CDs sold for cash, $12, 800 for CDs sold on credit during the previous month, and $29, 850 for CDs sold on credit during April. Calculate the amount of revenue recognized in April under (1) cash-basis accounting and (2) accrual-basis accounting