S 3-2 (Algo) Computing accrual and cash income LO C1 In its first year of operations, Roma Company reports the following. Earned revenues of 56,000 cash received from customers). Incurred expenses of 26,900 cash paid toward them). Prepaid $11,500 cash for costs that will not be expensed until next year. Compute Romas first-year net income under the cash basis and the accrual basis of accounting