Reference no: EM132462315

Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cash-basis earnings in 2022 are $34,400. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances.

                                          2022                 2021

Accounts receivable     $3,000              $2,100

Supplies on hand           1,630                 1,800

Unpaid wages owed        2,150                 2,580

Other unpaid expenses    1,720                  1,250

Question 1: Determine the company's net earnings on an accrual basis for 2022.