View Policies Current Attempt in Progress Metlock Industries collected $104,000 from customers in 2020. Of the amount collected, $25,800 was for services performed in 2019. In addition, Metlock performed services worth $38,600 in 2020, which will not be collected until 2021. Metlock Industries also paid $73,600 for expenses in 2020. Of the amount paid. $30,200 was for expenses incurred on account in 2019. In addition, Metlock incurred $43,300 of expenses in 2020, which will not be paid until 2021. (a) Compute 2020 cash-basis net income. Cash-basis net income $ 30,400 (b) Compute 2020 accrual-basis net income. Accrual-basis net income $