Question 31 of 33 -16 Riverbed Corp. maintains its financial records using the cash basis of accounting. As it would like to secure a long-term loan from its bank, the company asks you, as an independent CPA, to convert its cash basis income statements information to the accrual basis. You are provided with the following summarized data for 2018, 2019, and 2020: Cash receipts from sales: On 2018 sales 2018 2019 2020 On 2019 sales On 2020 sales $360,000 $180,000 $38,000 -0- 319,000 114,000 -0- -0- 374,300 Cash payments for expenses: On 2018 expenses 208.200 75,400 31,400 On 2019 expenses 45,000 151.750 62,900 On 2020 expenses *Prepayments of 2019 expense b C 49.100 238.500 A Q Ac