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Reliable Corporation provides computer consulting services to the local community and keeps its accounting records using canh basis 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 canh basis accounting. For the current year, cash was received from customers, $48.000, and cash salaries to employees were pald, $26,000. At the beginning of the year, customers owe Rellable $1,200, By the end of the year, customers owe $7,600. At the beginning of the year, Reliable owes employee salaries of $6,600. At the end of the year, Reliable owes employee salaries of $3,800. Determine cash-bosis net income and accrual basis net Income for the current yout. $ 22.000 Cash-basis not income Accrual-basis net income

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