1 11 points Huang Trucking Company was organized on January 1, 2014. At the end of the first quarter (three months) of operations, the owner prepared a summary of its activities 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 the correct amounts. The first transaction is illustrated. (Amounts to be deducted and losses/outflows should be indicated with a minus sign.) eBook Print Computation of Summary of Transactions Income Cash a. Services performed for customers, $70000, of which $28000 remained uncollected at the end of the quarter. $ 70,000 $ 42,000 References C. b. Cash borrowed from the local bank, $50000 (one-year note). d. e. f. Small service truck purchased at the end of the quarter to be used in the business for two years starting the next quarter: cost, $11000 cash. Wages earned by employees, $22100, of which one-half remained unpaid at the end of the quarter. Service supplies purchased for use in the business, $5300 cash, of which $1390 were unused (still on hand) at the end of the quarter. Other operating expenses, $35000, of which $6900 remained unpaid at the end of the quarter. Based only on these transactions, compute the following for the quarter: Income (or loss) Cash inflow (or outflow)