An accrual$-$based income statement for the year is as follows: WATERWAY DESIGNS LTD$.$ Statement of Income Year Ended December $31,2024$ Revenues Fees Earned $$173,730$ Expenses Salaries Expense $$64,810$ Rent Expense $16,320$ Supplies Expense $7,020$Advertising Expense : $6,600$Depreciation Expense :$5,900$Insurance Expense :$3,740$Total expenses : $104,390$Income before income tax : $69,340$Income Tax Expense : $12,400$Net income : $56,940$Compare the cash$-$based net income calculated in part $($a$)$ with the accrual$-$based net income provided in the above income statement. Difference?