XYZ Corporation maintains its book on a cash basis. During 2021, the company collected $825,000 in fees from its clients and paid $522,000 in expenses. You are able to determine the following information about accounts receivable, supplies, prepaid rent, deferred revenue, salaries payable, deferred rent revenue and interest payable: December 31, 2021 December 31, 2020 Accounts receivable Supplies Prepaid rent Salaries payable Deferred (unearned) Revenue Deferred (unearned) Rent Revenue Interest payable $122,000 $112,000 17,000 11,000 11,000 9,000 24,000 21,000 10,000 13,000 11,000 13,000 3,000 4,000 In addition, 2021 depreciation expense on office equipment is $25,000. Required: Required: Determine accrual-basis 1.) revenue, 2.) expense (8 points) Copy the statement below and answer in the same format. 1.) Revenue 2.) Expense