Total Part Services earned $140,000 of service revenue durng 2024 of the $140,000 earnod, the busness receved $110,000 n cash. The nemaning amount, 530,000 , was stil owed by customers as propad $10,000 cash in Decomber 2024 for expenses mcurted diarng the next year 1. Determine the amount of secvice revencie and expenses for 2024 using a cash basis accountim system 2. Determine the amount of service revenue and expenses for 2024 using an accrual basis accounting systern 1. Determine the amount of service revenue and expenses for 7024 using a cash bass accountimg spstem