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CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 3-03 Primo Industries collected $105,000 from customers in 2020. or the amount collected, $25,000 was for services performed in 2019. In addition, Primo performed services worth $40,000 in 2020, which will not be collected until 2021. Primo Industries also paid $72,000 for expenses in 2020. or the amount paid, $30,000 was for expenses incurred on account in 2019. In addition, Primo incurred $42,000 of expenses in 2020, which will not be paid until 2021. Compute 2020 cash-basis net income. Cash-basis net income Compute 2020 accrual basis net income. Accrual-basis net income Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSVER Syman