Oriole & Associates maintains its records on the cash basis. You have been engaged to convert its cash basis income statement to the accrual basis. The cash basis income statement, along with additional information, follows: Oriole & Associates Income Statement (Cash Basis) For the Year Ended December 31, 2020 Cash receipts from customers $434,400 Cash payments: Salaries and wages $165,800 Income taxes 60,900 Insurance 39,700 Interest 26,600 293,000 Net income $141,400 Additional information: Accounts receivable Salaries and wages payable Income taxes payable Prepaid insurance Accumulated depreciation Interest payable Balances at 12/31 2020 2019 $50,200 $30,700 8,300 20,700 22,100 19,600 7,900 3,400 88,900 72,200 3,610 8,900 No plant assets were sold during 2020. Prepare the income statement as per accrual basis. Oriole & Associates Income Statement (Accrual Basis) A $ $ $