New Delivery Company was organized on January 1, 2018. At the end of the first quarter (three months) of operations, the owner prepared a summary of its operations as shown in the first row of the following tabulation:

Required:1. For each of the six transactions given in this tabulation, enter what you consider to be the correct amounts. Enter a zero when appropriate. The first transaction is illustrated.2. For each transaction, explain the basis for your responses.

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Computation of Net Earnings Summary of Transactions Cash a. Services performed for customers, $66,000, of which one-sixth remained uncollected at the end of the quarter. b. Cash borrowed from the local bank, $45,000 (one-year note). $66,000 $55,000 c. Small service truck purchased at the end of the quarter to be used in the business for two years starting the next quarter: cost, $9,500; paid 20% down, balance on credit. d. Wages earned by employees, $21,000, of which one-half remained unpaid at the end of the quarter. e. Service supplies purchased for use in the business, $3,800 cash, of which one-fifth were unused (still on hand) at the end of the quarter. f. Other operating expenses, $36,000, of which one-sixth remained unpaid at the end of the quarter. Based only on these transactions, compute the following for the quarter: Net earnings (or loss) Cash inflow (or outflow)