Total Property Services earned $ $145$ comma $000$$$145,000$ of service revenue during $20242024.$ Of the $ $145$ comma $000$$$145,000$earned$,$ the business received $ $119$ comma $000$$$119,000$ in cash. The remaining$$ amount, $ $26$ comma $000$$$26,000,$ was still owed by customers as of DecemberDecember $3131.$ In$$ addition, Total Property ServicesTotal Property Services incurred $ $90$ comma $000$$$90,000$ of expenses during the year. As of DecemberDecember $3131,$ $ $15$ comma $000$$$15,000$ of the expenses still needed to be paid. In$$ addition, Total Property ServicesTotal Property Services prepaid $ $12$ comma $000$$$12,000$ cash in DecemberDecember $20242024$ for expenses incurred during the next year.

$1.$

Determine the amount of service revenue and expenses for $20242024$ using a cash basis accounting system.

$2.$

Determine the amount of service revenue and expenses for $20242024$ using an accrual basis accounting system