Total Property ServicesTotal Property Services earned $ 155 comma 000$155,000 of service revenue during 20242024. Of the $ 155 comma 000$155,000 earned, the business received $ 135 comma 000$135,000 in cash. The remaining amount, $ 20 comma 000$20,000, was still owed by customers as of DecemberDecember 3131. In addition, Total Property ServicesTotal Property Services incurred $ 82 comma 000$82,000 of expenses during the year. As of DecemberDecember 3131, $ 7 comma 000$7,000 of the expenses still needed to be paid. In addition, Total Property ServicesTotal Property Services prepaid $ 11 comma 000$11,000 cash in DecemberDecember 20242024 for expenses incurred during the next year. 1. Determine the amount of service revenue and expenses for 20242024 using a cash basis accounting system. 2. Determine the amount of service revenue and expenses for 20242024 using an accrual basis accounting system