A Company Using the Cash Basis of Accounting Reports Net

A company using the cash basis of accounting reports net income for 2014 of $45,460. If the company had used the accrual basis of accounting it would have reported the following year-end balances: $\begin{array}{lrr} & \underline{2014} & \underline{2013} \\\text { Accounts receivable } & \$ 3,850 & \$ 5,100 \\\text { Supplies } & 1,740 & 1,950 \\\text { Salaries and wages payable } & 3,600 & 2,250 \\\text { Other unpaid amounts } & 2,400 & 2,100\end{array}$ Instructions:
Determine the company's net income under the accrual basis of accounting. Show your calculations. Use the column headings shown below. $\begin{array}{lrr} \text{\underline{\text{ Explanation}} } &&&&&&&&&&\text{ \underline{\text{ Amount}} } \end{array}$