View Policies Current Attempt in Progress Wildhorse Industries collected $105,000 from customers in 2020. Of the amount collected, $25,900 was for services performed in 2019. In addition, Wildhorse performed services worth $39,200 in 2020, which will not be collected until 2021. Wildhorse Industries also paid $72,300 for expenses in 2020. Of the amount paid $30,200 was for expenses incurred on account in 2019. In addition, Wildhorse incurred $42,100 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 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit