CALCULATOR PRINTER VERSION BACK NE Exercise 3-18 Pearl, M.D., maintains the accounting records of Pearl Clinic on a cash basis. During 2017, Dr. Pearl collected $137,827 from her patients and paid $52,694 in expenses. At January 1, 2017, and December 31, 2017, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.) Accounts receivable Unearned service revenue Accrued expenses Prepaid expenses January 1, 2017 $8,379 2,576 3,177 2,107 December 31, 2017 $15,687 4,406 2,034 3,547 Prepare a schedule that converts Dr. Pearl's "excess of cash collected over cash disbursed" for the year 2017 to net income on an accrual basis for the year 2017. PEARL, M.D. Conversion of Cash Basis to Accrual Basis For the Year 2017