Question: Question 2 of 8 - /1 E . .. View Policies Current Attempt in Progress Carillo Industries collected $108,000 from customers in 2022. Of the

Question 2 of 8 - /1 E . .. View Policies Current
Question 2 of 8 - /1 E . .. View Policies Current Attempt in Progress Carillo Industries collected $108,000 from customers in 2022. Of the amount collected, $25,000 was for services performed in 2021. In addition, Carillo performed services worth $36,000 in 2022, which will not be collected until 2023. Carillo Industries also paid $72,000 for expenses in 2022. Of the amount paid, $30,000 was for expenses incurred on account in 2021. In addition, Carillo incurred $42,000 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 e Textbook and Media

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