Skysong Industries collected $104,000 from customers in 2020. Of the amount collected, $25,500 was for services performed in 2019. In addition, Skysong performed services worth $38,600 in 2020, which will not be collected until 2021. Skysong Industries also paid $71,700 for expenses in 2020. Of the amount paid, $30,400 was for expenses incurred on account in 2019. In addition, Skysong incurred $42,900 of expenses in 2020, which will not be paid until 2021.(a) Compute 2020 cash-basis net income.

(b) Compute 2020 accrual-basis net income.