Warnings appear when iple Attempts Not allowed. This Test can only be taken once. e Completion Once started, this test must be completed in one sitting. Do not leave the test before clicking Save and Submit. Your answers are saved automatically. emaining Time: 42 minutes, 21 seconds. Question Completion Status: Moving to another question will save this response. Question 1 of 4 > Question 1 1 points / Sav You receive $50,000 in year 1 for a job to be started and completed in year 2. However, you purchase materials and supplies to prepare for the upcoming job. Materials and supplies purchased in year 1 cost $33,000. In year 2 you determine that you would need to purchase an additional $29,000 in supplies. Complete the Income Statements using both Cash Basis and Accrual Basis of Accounting: Remember it is two ways/formats of completing the Income Statement. Complete them separately using the information above. Cash Basis Accrual Basis Yr1 Yr2 Yr1 Yr2 Revenue Revenue Supplies Supplies Aa