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Tamarisk Industries collected $113,400 from customers in 2022. Of the amount collected, $27,000 was for services performed in 2021. In addition, Tamarisk performed services worth
Tamarisk Industries collected $113,400 from customers in 2022. Of the amount collected, $27,000 was for services performed in 2021. In addition, Tamarisk performed services worth $43,200 in 2022, which will not be collected until 2023. Tamarisk Industries also paid $77,760 for expenses in 2022. Of the amount paid, $32,400 was for expenses incurred on account in 2021. In addition, Tamarisk incurred $45,360 of expenses in 2022, which will not be paid until 2023. A) COMPUTE 2022 CASH BASIS NET INCOME ? B) COMPUTE2022 ACCRUAL BASIS NET INCOME
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