CH03-GRADED HOMEWORK. One Attempt Question 2, E3-20A (similar to) Part 1 of 7 HW Score: 20%, 1 of 5 points O Points: 0 of 1 Save During 2021. Carson Network, Inc, which designs network servers, earned revenues of $720 million Expenses totaled $510 million Carson collected all but $21 million of the revenues and paid $550 million on its expenses Read the Requirement a. Under accrual accounting, what amount of revenue should Carson report for 20217 How does the revenue principle help to answer this question? The amount of revenue that should be reported for the year in mitions is Requirements a. Under accrual accounting, what amount of revenue should Carson report for 20217 How does the revenue principle help to answer this question? b. Under accrual accounting, what amount of total expense should Carson report for 20217 Which accounting principle helps to answer this question? c. Redo parts a and b uning the cash basis. Explain how the accrual basis differs from the cash basis d. Which financial statement reports revenues and expenses? Which statement reports cash receipts and cash payments? Print Done