Use the following to answer questions 5-6 Following is a February transaction for a company. Calculate the amount of expense to recognize in February. In February the company paid their employees $19,500; $16,200 for work performed in February and $3,300 for work performed in January. 5. Accrual basis expense: $ 6. Cash basis expense: $ Use the following to answer 7-8 Following is a February transaction for a company. Calculate the amount of revenue to recognize in February. In February the company performed $100,000 of service and they billed their customers. Customers paid $85,000 this month and will pay $15,000 next month. 7. Accrual basis revenue: $ 8. Cash basis revenue: $