Sheffield Industries collected $115,500 from customers in 2022 . Of the amount collected, $27,500 was for services performed in 2021. In addition, Sheffield performed services worth $44,000 in 2022, which will not be collected until 2023. Sheffield Industries also paid $79,200 for expenses in 2022 . Of the amount paid, $33,000 was for expenses incurred on account in 2021. In addition, Sheffield incurred $46,200 of expenses in 2022, which will not be paid until 2023. (a) Compute 2022 cash-basis net income. Cash-basis net income (b) Compute 2022 accrual-basis net income. Accrual-basis net income