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Sheridan Industries collected $105,000 from customers in 2022 . Of the amount collected, $24,700 was for services performed in 2021 In addition. Sheridan performed services

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Sheridan Industries collected $105,000 from customers in 2022 . Of the amount collected, $24,700 was for services performed in 2021 In addition. Sheridan performed services worth $39,400 in 2022, which will not be collected until 2023. Sheridan Industries also paid $71.200 for expenses in 2022 . Of the amount paid, $29,600 was for expenses incurred on account in 2021 In addition. Sheridan incurred $41,400 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 S

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