Reference no: EM132605599

Sandra Robinson, M.D., maintains the accounting records of Robinson Clinic on a cash basis. During 2020, Dr. Robinson collected $152,164 from her patients and paid $49,931 in expenses. At January 1, 2020, and December 31, 2020, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.)

                                                     January 1, 2020                    December 31, 2020

Accounts receivable                        $9,374                              $16,255

Unearned service revenue                   2,872                                 4,258

Accrued expenses                              3,124                                 1,983

Prepaid expenses                                1,725                                    3,475

Question 1: Make schedule that converts Dr. Robinson's "excess of cash collected over cash disbursed" for the year 2020 to net income on an accrual basis for the year 2020.