US 30 D Question 3 4 points ou receive $75,000 in year 1 for a job to be started and completed in year 2. However, you purchase materials and supplies to prepare for the upcoming job. Materials and supplies purchased in year 1 cost $53.000. In year 2 you determine that you would need to purchase an additional $19,000 in supplies Determine the profit for year 1 and 2 under both accrual and cash accounting (10 Marks) Cash Basis Accrual Basis Y 2 Y 2 cs id 0 0 Revenue Supplies Prolinos