Mostert Music Company had the following transactions m March: Sold music lessons to customers for $11.950; received $6.750 in cash and the rest on account Paid $850 in wages for the month Received a $540 Ml for utilities that will be paid April Received $1.200 from customers as deposits on music lessons to be given m April Based on the information above, prepare a cash basis and an accrual basis income statement