Please Help Me Determine Income On An Accrual And Cash Basis?

Please help me determine income on an accrual and cash basis? I am having trouble understanding this.
Sales on credit $80,000
Cost of inventory sold on credit $65,000
Collections from customers $60,000
Purchase of inventory on credit $50,000
Payment for purchases $55,000
Cash collections for common stock $30,000
Dividends paid $10,000
Payment to salesclerk $10,000

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