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i have the right andwer for accrual basis i need cash basis answer ...

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Accounting

i have the right andwer for accrual basis
i need cash basis answer image
calcualte the first years net income under cash basis
thnkyou and answer it fast
In its first year of operations, Kimberly Corp. earned $57,200 in service revenue. Of that amount, $9,300 was on account and the remainder, $47,900, was coliected in cash from customers. The company incurred various expenses totalling $33,600, of which $28,800 was paid in cash. At year end, $4,800 was still owing on account. In addition, Kimberly prepaid \$3,300 for insurance coverage for the last half of the first year and the first half of the second year. Kimberly expects to owe $4,300 of income tax when it fles its corporate income tax return after year end. (a) Your answer is correct Calculate the first year's net income under the accrual basis of accounting

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