Kingsford Customs was founded on 1 July 2022. At the end of the first year’s operations, the following summary of its activities has been prepared by the owner.

1 Borrowed cash of $60 000 from CAA Bank.

2 Employees earned $96 800 of wages, of which $40 000 is to be paid in the next accounting period.

3 Performed customised services that generated sales revenue of $243 300, of which $100 000 remained uncollected at the end of the year.

4 Other operating expenses, including phone bills and electricity amounting to $26 800, were incurred during the year. Of this amount, $10 000 remained unpaid at the end of the year.

Show the effect on net profit (ignore interest expense) and cash of each of the transactions for this accounting period.