During 2016 , Gibson Network, Inc., which designs network servers, earned revenues of $ 800 million. Expenses totaled $ 510 million GibsonGibson collected all but $25 million of the revenues and paid $590 million on its expenses.

a.	Under accrual accounting, what amount of revenue should Gibson Network report for 2016 ? How does the revenue principle help to answer these questions?
b.	Under accrual accounting, what amount of total expense should Gibson Network report for 2016 ? Which accounting principle helps to answer this question?
c.	Redo parts a and b using 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?