Saved Help Save & Exit Submit Check my work Brief Exercise 2-13 (Static) Cash versus accrual accounting (LO2-9) Newman Consulting Company maintains its records on a cash basis. During 2021 the following cash flows were recorded: cash received for services rendered to clients, $420,000; and cash paid for salaries, utilities, and advertising, $240,000, 535,000, and $12,000, respectively. You also determine that customers owed the company $52,000 and $60,000 at the beginning and end of the year, respectively, and that the company owed the utility company $6,000 and $4,000 at the beginning and end of the year, respectively Complete the table to determine accrual net income for the year. Revenue Expenses: Salarios expense Utilities expense Advertising exponse Net Income o ch