Question: Given the data below for a firm in its first year of operation, determine net income under the cash basis of accounting. Revenue earned but

Given the data below for a firm in its first year of operation, determine net income under the cash basis of accounting. Revenue earned but not collected $19,000 Accounts receivable increase 3,000 Expenses incurred but not paid 6,250 Accounts payable increase (related to expenses) 750 Supplies purchased with cash 1.800 Enter the number without a comma or dollar sign

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