Use the facts presented in Chapter $2$ P$48.$ Provide journal entries for the facts for both the modified accrual accounting basis and the accrual accounting basis. CLEARLY LABEL WHICH ENTRIES REPRESENT MODIFIED ACCRUAL ACCOUNTING AND WHICH ENTRIES REPRESENT ACCRUAL ACCOUNTING. Your upload must be pictures of your handwritten $($not typed$)$ solution. No HEIC files.P$2-48.($Difference between expenditures and expenses$)$

Based on the information shown below, calculate for the year ended December $31,2021,($a$)$ the total

amount of expenditures that would be recognized when using the current financial resources measure$-$

ment focus and modified accrual basis of accounting, and $($b$)$ the total amount of expenses that would

be recognized using the economic resources measurement focus and accrual basis of accounting.