On 1 January, you have set up a new company providing dog grooming service by investing $100,000 in a bank account under Paw Pty Ltd.On 3 January, Paw Pty Ltd has purchased $1,500 of supplies for cash and in the month of January, Paw company has performed total services of $9,000 for cash and $5,000 on credit.The payroll date for Paw company is fortnight on Fridays and the payroll amount is 5,000 per two weeks.Since 1 January is on a Monday, the first payment for employee wages of $5,000 is on 12 January and followed by next payment on 26 January.31 January is a Wednesday.How much more profit will your company record if using accrual basis accounting as against cash basis accounting for the month ending on 31 January? (Use negative sign if the profit from cash basis accounting is higher)