Question $\backslash$#$3.(25$ marks$)$ Penultimate Corporation uses cash basis accounting. You are to convert its cash basis $\backslash (1/5\backslash )$ to accrual basis. You are provided with the following summarized data for $2016,2017,$ and $2018.$ Required: Prepare abbreviated income statements for the years $2016$ and $2017$ using: a$.$ Cash basis accounting $(10$ marks$)$ b$.$ Accrual basis accounting $(15$ marks$)$