Wayne Rogers Corp. maintains its financial records on the cash basis of accounting Interested in securing a long-term loan from its regular bank, Wayne Rogers Corp. requests you as its independent CPA to convert its cash-basis income statement data to the accrual basis. You are provided with the following summarized data covering 2019, 2020 and 2021. 2019 2020 2021 Cash receipts from sales: On 2019 sales $295,000 $160.000 $30,000 On 2020 sales -0- 355,000 90,000 408,000 On 2021 sales Cash payments for expenses: On 2019 expenses On 2020 expenses On 2021 expenses 185,000 67.000 25,000 40,000 160,000 55,000 b 45,000 218,000 Prepayments of 2020 expenses. Prepayments of 2021 expenses. WAYNE ROGERS CORP. Income Statement (Cash Basis) For the Year Ended December 31, 2019 2020 $ $