Sheridan Industries collected $106,000 from customers in 2022. Of the amount collected, $25.500 was for services performed in 2021. In addition, Sheridan performed services worth $41,200 in 2022. which will not be collected until 2023. Sheridan Industries also paid $71,400 for expenses in 2022 . Of the amount paid, $30,000 was for expenses incurred on account in 2021. In addition, Sheridan incurred $40,300 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