Your examination of the records of a company that follows the cash basis of accounting tells you that the company??s reported cash basis earnings in 2012 are $33,640. If this firm had followed accrual basis accounting practices, it would have reported the following year-end balances.

InstructionsDetermine the company??s net earnings on an accrual basis for 2012. Show all your calculations in an orderly fashion.

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2012 2011 Accounts receivable Supplies on hand Unpaid wages owed $3,400 1,300 $2,800 1,460 2,400 1,100 2,000 Other unpaid amounts