Module 3 Homework S Help Save & Exit Submit Check my work 5 points 1 Skinned In its first year of operations, Roma Company reports the following Earned revenues of $61,000 ($53,000 cash received from customers) Incurred expenses of $33,500 ($25,850 cash paid toward them). Prepaid $10,750 cash for costs that will not be expensed until next year. Compute Roma's first-year net income under the cash basis and the accrual basis of accounting. ebook Hm Revenues P Expenses References Net income Cash Basis Accrual Basi