Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $32,000, and paid cash for salaries, $20,400. At the beginning of the year, customers owe Rebel $1,000. By the end of the year, customers owe $4,400. At the beginning of the year, Rebel owes salaries of $3,400. At the end of the year, Rebel owes salaries of $2,200. Required:
Determine cash-basis net income and accrual-basis net income for the year.