12 Huang Trucking Company was organized on January 1. 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.) 1 points Computation of Income Cash a. $ 71,000 $ 51,000 eBook c. Print Summary of Transactions Services performed for customers, $71,000, of which $20,000 remained uncollected at the end of the quarter. b. Cash borrowed from the local bank, $59,000 (one-year note). Small service truck purchased at the end of the quarter to be used in the business for two years starting the next quarter: cost, $11,100 cash. Wages earned by employees, $21,600, of which one-half remained d. unpaid at the end of the quarter. Service supplies purchased for use in the business, $4,750 cash, of which $2,310 were unused (still on hand) at the end of the quarter. Other operating expenses, $30,000, of which $6,700 remained unpaid at f. the end of the quarter. Based only on these transactions, compute the following for the quarter: Income (or loss) Cash inflow (or outflow) e. (2,440) References