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Reliable Corporation provides computer consulting services to the local community and keeps its accounting records using cash bosis accounting. For the current year, cash was

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Reliable Corporation provides computer consulting services to the local community and keeps its accounting records using cash bosis accounting. For the current year, cash was received from customers, $49,000, and cash salaries to employees were paid $26,500. At the beginning of the year, customers owe Reliable $1,000. By the end of the year, customers owe $7,800. At the beginning of the year, Reliable owes employee salaries of $6,800. At the end of the year, Reliable owes employee salaries of $3,900, Determine cash-basis net income and accrual basis net income for the current year. Cash-basis net income Accrual basis not income

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