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Oriole Industries collected $$121,800$ from customers in $2022.$ Of the amount collected, $$29,000$ was for services performed in $2021.$ In addition, Oriole performed services worth $$46,400$ in $2022,$ which will not be collected until $2023.$

Oriole Industries also paid $$83,520$ for expenses in $2022.$ Of the amount paid, $$34,800$ was for expenses incurred on account in $2021.$ In addition, Oriole incurred $$48,720$ 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

$

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