Whispering Winds Industries collected $$105,000$ from customers in $2020.$ Of the amount collected, $$25,200$ was for services performed in $2019.$ In addition, Whispering Winds performed services worth $$41,600$ in $2020,$ which will not be collected until $2021.$

Whispering Winds Industries also paid $$73,500$ for expenses in $2020.$ Of the amount paid, $$30,400$ was for expenses incurred on account in $2019.$ In addition, Whispering Winds incurred $$42,200$ of expenses in $2020,$ which will not be paid until $2021.$

$($a$)$

Compute $2020$ cash$-$basis net income.

Cash$-$basis net income

$

$($b$)$

Compute $2020$ accrual$-$basis net income.