Which of the following statements are true based on the differences between the two accounting approaches used in January? The cash-based system understated revenues relative to what was actually sold. Cash received from sales was less than revenues on the income statement using the accrual-based system. Cash flows were more accurately represented using the accrual-based system The monthly cost of having an espresso machine was more accurately represented using the accrual-based system. Net income is always higher using an accrual accounting system