Metlock Industries collected $100,800 from customers in 2022. Of the amount collected, $24,000 was for services performed in 2021. In addition, Metlock performed services worth $38,400 in 2022, which will not be collected until 2023. Metlock Industries also paid $69,120 for expenses in 2022. Of the amount paid, $28,800 was for expenses incurred on account in 2021. In addition, Metlock incurred $40,320 of expenses in 2022, which will not be paid until 2023. (a) Compute 2022 cash-basis net income.

Cash-basis net income

$enter the cash-basis net income in dollars

(b) Compute 2022 accrual-basis net income.

Accrual-basis net income

$enter the accrual-basis net income in dollars