Acompany had the following in August: Click the icon to view the transactions.) Below, indicate August income (loss) before tax (1) using cash basis accounting Center this amount first) and (2) using accrual basis accounting (enter this amount next). Use parentheses or a minus sign if entering a loss. [Round amounts to the nearest whole dollar during calculations and for your final answer, as applicable.) Income (loss) before tax 0 More Info pet asis for August 1 4 5 8 11 19 24 26 Prepaid insurance for August through October, $2,400. Purchased office furniture for cash, $4,500. Performed services and received cash, $1,000. Paid advertising expense, $700. Performed service on account, $3,300. Purchased computer on account, $1,500. Collected for August 11 service. Paid account payable from August 19 Paid salary expense, $1,000. Adjusted for August insurance expense (see August 1). Earned revenue of $1,100 that was collected in advance back in July Recorded August depreciation expense on all fixed assets, $408. 31 31 Print Done