Splish Brothers Corp. sells $6480 of goods on account in the current year and collects $3480 of this. It incurs $4200 in expenses on account during the current year and pays $2600 of them. Splish Brothers would report what amount of net income under the cash and accrual bases of accounting, respectively? $880 on the cash basis and $2280 on the accrual basis. O $3480 on the cash basis and $4200 on the accrual basis. O $3000 on the cash basis and $2280 on the accrual basis. $2280 on the cash basis and $3000 on the accrual basis.