Question 1 --/1 View Policies Current Attempt in Progress Larkspur Industries collected $98,700 from customers in 2022. Of the amount collected, $23,500 was for services performed in 2021. In addition, Larkspur performed services worth $37,600 in 2022, which will not be collected until 2023. Larkspur Industries also paid $67,680 for expenses in 2022. Of the amount paid, $28,200 was for expenses incurred on account in 2021. In addition, Larkspur incurred $39,480 of expenses in 2022, which will not be paid until 2023. (a) Compute 2022 cash-basis net income. Cash-basis net income $ (b) Compute 2022 accrual-basis net income. Accrual-basis net income $