View Policies Current Attempt in Progress Crane Industries collected $104,000 from customers in 2020. Of the amount collected, $24,300 was for services performed in 2019. In addition, Crane performed services worth $41,000 in 2020, which will not be collected until 2021. Crane Industries also paid $73,500 for expenses in 2020. Of the amount paid, $30,300 was for expenses incurred on account in 2019. In addition, Crane incurred $40,700 of expenses in 2020, which will not be paid until 2021. (a) Compute 2020 cash-basis net income. Cash-basis net income (b) Compute 2020 accrual-basis net income. Accrual-basis net income $