(Solved): Current Attempt in Progress Windsor Industries collected $96,600 from customers in 2027. Of the amou ...

Current Attempt in Progress Windsor Industries collected

from customers in 2027. Of the amount collected,

was for services performed in 2026. In addition, Windsor performed services worth $36,800 in 2027, which will not be collected until 2028. Windsor Industries also paid

for expenses in 2027 . Of the amount paid,

was for expenses incurred on account in 2026. In addition, Windsor incurred

of expenses in 2027, which will not be paid until 2028. (a) Compute 2027 cash-basis net income. Cash-basis net income $ (b) Compute 2027 accrual-basis net income. Accrual-basis net income $