Question $2$ of $5$

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Bramble Industries collected $$109,200$ from customers in $2022.$ Of the amount collected, $$26,000$ was for services performed in $2021.$ In addition, Bramble performed services worth $$41,600$ in $2022,$ which will not be collected until $2023.$

Bramble Industries also paid $$74,880$ for expenses in $2022.$ Of the amount paid, $$31,200$ was for expenses incurred on account in $2021.$ In addition, Bramble incurred $$43,680$ of expenses in $2022,$ which will not be paid until $2023.$

$($a$)$

Compute $2022$ cash$-$basis net income.

Cash$-$basis net income

$($b$)$

Compute $2022$ accrual$-$basis net income.

Accrual$-$basis net income

$ $$

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