Use the following to answer questions $1-4$

A company maintains its records using accrual basis accounting; however, their accountant wants to create a

statement of cash flows and needs to determine the cash flow from operating activities. For simplicity, we assume

only one expense account $($salaries$).$ The following is data gathered from their records.

Complete the T$-$accounts for ACCOUNTS RECEIVABLE and SALARIES PAYABLE to help answer questions #$1$ & $2.$

NOTE: ALL SERVICES PROVIDED ARE ON ACCOUNT AND SALARIES EXPENSE ARE RECORDED BEFORE THEY ARE

PAID.

ACCOUNTS RECEIVABLE

Determine the amount of cash collected from customers during the period: $

Determine the amount for cash paid for salaries during the period: $

Determine accrual basis net income for the period: $

Determine cash basis net income for the period: $