Please answer and explain

The following $5$ transactions occurred for Jackson Properties, Inc. during March $2023.$ Assume it is theend of March. Using the table below, calculate Jackson's net income $($or net loss$)$ for the month of Marchunder cash$-$basis accounting and under accrual$-$basis accounting. If there is no impact for a transaction,you can leave the cell blank or put $$0.$ For an expense, please specifically use a negative $(-)$ sign or putthe expense in $($parentheses$/$brackets$).$Jackson prepaid $$1,800$ cash for a $6-$month insurance policy.Accepted $$1,200$ of advance payments from customers for services to beprovided in March and April. At the end of March, $$900$ of services wereperformed.March $1$March $8$March $15$March $20$March $30$Billed customers for $$1,500$ services provided in March. Payment was receivedin June.Purchased $$500$ of supplies on credit from Target $$100$ dollars of supplieswere left at the end of March.Received, but did not pay, the March utility bill of $$150.$ Payment was made inApril.DateMarch $1$March $8$March $15$Cash$-$Basis AccountingAccrual$-$Basis Accounting