Wildhorse Corp. maintains its financial records on the cash basis of accounting Interested in securing a long-term loan from its regular bank, Wildhorse 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 $305,760 $147,550 $27,160 On 2020 sales -0- 376,860 84,650 On 2021 sales 368,620 Cash payments for expenses: On 2019 expenses 197,580 69.910 27,080 On 2020 expenses a 40,680 162,490 53,150 On 2021 expenses b 47,740 210,460 Prepayments of 2020 expenses. bprepayments of 2021 expenses. (a) Your answer is partially correct. Using the data above, prepare abbreviated income statements for the years 2019 and 2020 on the cash basis. (Enter loss using either a negative sign preceding the number e.3.-45 or parentheses e.g. (45).) WILDHORSE CORP. Income Statement (Cash Basis) For the Year Ended December 31, Sales Revenue 2019 2020 305760 $ 524410 294570 256320 Expenses Net Income/(Loss) $ 11190. $ 268090