Question: please explain step-by-step :) Given the data below for a firm in its first year of operation, determine net income under the accrual basis of

please explain step-by-step :)

Given the data below for a firm in its first year of operation, determine net income under the accrual basis of accounting. $7600 $9760 159400 $11200 Given the data below for a firm in its first year of operation, determine net income under the accrual basis of accounting. $7600 $9760 159400 $11200

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