Your examination of the records of Blossom Co. shows the company collected $87,300 cash from customers and paid $49,400 cash for operating costs during 2021. If Blossom followed the accrual basis of accounting, it would report the following year-end balances: Accounts Payable Accounts Receivable Accumulated Depreciation Prepaid Insurance Supplies Unearned Revenue 2021 $1,360 4,060 11,220 1,540 830 1.305 2020 $2,040 2.700 10,140 1,280 325 1,590 x Your answer is incorrect. Determine Blossom's profit on a cash basis for 2021. Cash basis profit $ 25615 e Textbook and Media X Your answer is incorrect. Determine Blossom's profit on an accrual basis for 2021. Accrual basis profit $ 13920