A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $44,000. and paid cash for taxes. $20,000. At the beginning of the year, customers owe the company $3, 800. By the end of the year, customers owe $5, 500. At the beginning of the year, the company owes taxes of $3, 500. At the end of the year, the company owes taxes of $5, 600. Determine cash-basis net income and accrual-basis net income for the year.