Question 5 Aunt Athena's Catering Service provides catering service for special occasions. During 2019, Aunt Athena performed $140,500 of catering services and collected $110,300 of cash from customers. Salaries earned by Aunt Athena's employees during 2019 were $40,000. Aunt Athena paid employees $36,500 during 2019. Aunt Athena had $1,300 of supplies on hand at the beginning of the year and purchased and paid for an additional $7,000 of supplies during the year. Supplies on hand at the end of 2019 were $1,700. Other selling and administrative expenses incurred and paid for during 2019 were $5,500. Required: 1) Calculate Aunt Athena's amount of accrual and cash-basis income for 2019 by completing the table below ACCRUAL BASIS CASH BASIS Revenues: Catering services Less Expenses: Salaries Supplies Other administrative and selling Net Income 2) Which basis (cash or accrual) reflects more accurately the performance of Aunt Athena's business? Briefly explain why