PG Campus X Unit 4 Lab Assignment - AC114 X We Question 5 of 10 - AC114 Unit 4 X Course Hero X + X C O B https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=971a7dc3-34d2-4612-a047-b6cb6503d1f2#/question/4 90% E PG Campus @ Sign In for Purdue Glo... Home a Amazon.com: Prime Vi... #tv Apple TV+ h Hulu N Home - Netflix > Finish setup - AC114 Unit 4 Lab Assignment Question 5 of 10 View Policies Current Attempt in Progress Blossom Industries collected $104,000 from customers in 2027. Of the amount collected, $25,200 was for services performed in 2026. In addition, Blossom performed services worth $41,900 in 2027, which will not be collected until 2028 Blossom Industries also paid $71,900 for expenses in 2027. Of the amount paid, $29,200 was for expenses incurred on account in 2026. In addition, Blossom incurred $41,400 of expenses in 2027, which will not be paid until 2028. (a) Compute 2027 cash-basis net income. Cash-basis net income $ (b) Compute 2027 accrual-basis net income. Accrual-basis net income $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Type here to search X W S P G zm OP 56.F Mostly clear ~ 9 (@ ( () 2/15/2025 1:13 AM