Patricia Johnson, M.D., maintains the accounting records of Johnson Clinic on a cash basis. During 2020, Dr. Johnson collected $149,626 from her patients and paid $52,915 in expenses. At January 1, 2020, and December 31, 2020, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.)

Patricia Johnson, M.D., maintains the accounting records of Johnson Clinic on a cash basis. During 2020, Dr. Johnson collected $149,626 from her patients and paid $52,915 in expenses. At January 1, 2020, and December 31, 2020, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.) January 1, 2020 December 31, 2020 Accounts receivable $9,619 $14,340 Unearned service revenue 2,713 4,457 Accrued expenses 3,267 2.201 Prepaid expenses 2,031 3,100 Prepare a schedule that converts Dr. Johnson's "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020. PATRICIA JOHNSON, M.D. Conversion of Cash Basis to Accrual Basis For the Year 2020 Excess of cash collected over cash disbursed - $ 96711 Less : Increase in accounts receivable 4 9619 Add : Increase in unearned service revenue 2713 Less : Decrease in accrued expenses Add : Increase in prepaid expenses Net income on an accrual basis $