Using the following information compute the cash (basisincome for the three months ended March 31, 2019. Accounts receivable balance January 2019 Cash collections January March 2019 Accounts receivable balance March 31, 2019 *There were no Accounts Receivable write-offs during the period $185,000 $525,000/3. - $215,000 Accounts Payable balance January 1, 2019 Payments on accounts payable for all expenses January- March 2019 Accounts Payable balance March 31, 2019 $52,000 $178,000 $62,000 Payroll each month is paid in the following month Payroll paid were paid as follows a. January $18,000 b. February $19,000 C. March $16,000 d. April $22,000 The company had two insurance policies: e. Property Insurance - Policy period July 1, 2018 - June 30, 2019 i. Premium $10,000 ii. Prepaid balance December 31, 2018 $5,000 f. Business Interruption - Policy period January 1, 2019 - December 31, 2019 i. Premium Paid in January $6,000