Monty Corp. maintains its financial records using the cash basis of accounting. As it would like to secure a long-term loan from its bank, the company asks you, as an independent CPA, to convert its cash basis income statements information to the accrual basis. You are provided with the following summarized data for 2018, 2019, and 2020: Cash receipts from sales: On 2018 sales 2018 2019 2020 $290,000 $145,000 $31,000 On 2019 sales -0- 384,000 93,000 On 2020 sales -0- 434,100 Cash payments for expenses: I On 2018 expenses 167,600 60,700 25,800 On 2019 expenses 36.250 122,438 51.250 On 2020 expenses b 40,550 195,750 Prepayments of 2019 expense Prepayments of 2020 expense