View Policies Current Attempt in Progress Sunland Corp, sells $6370 of goods on account in the current year and collects $3370 of this. It incurs $4200 in expenses on account during the current year and pays $2600 of them. Sunland would report what amount of net income under the cash and accrual bases of accounting, respectively? 4 O $770 on the cash basis and $2170 on the accrual basis. O $2170 on the cash basis and $3000 on the accrual basis. O $3370 on the cash basis and $4200 on the accrual basis. O $3000 on the cash basis and $2170 on the accrual basis. Save for Later Attempts: 0 of 1 used Submit Answer