8 https connecthtm Saved In its first year of operations, Roma Company reports the following: . Earned revenues of $54.000 ($46,000 cash received from customers) Incurred expenses of $30,000 ($23.400 cash paid toward them). Prepaid $9,000 cash for costs that will not be expensed until next year. Compute the company's first year net income under both the cash basis andthe accrual basis of accounting Basis Basis Expenses Net income o search