Calculate Company's accrual basis net income for calendar Year $1$ given the following transaction detail. Year $1$ was Company's first year in business.

a$.$ In Year $1,$ customers paid Company $$10,000$ for services Company will perform in Year $2.$

b$.$ Company paid $$450$ for utilities consumed in Year $1.$

c$.$ Company paid $$3,000$ of cash dividends to shareholders in Year $1.$

d$.$ In Year $1,$ Company performed services valued at $$75,000$ for customers, and collected $$60,000$ from customers for those services. Company collected the remaining $$15,000$ from customers during Year $2.$

e$.$ Company paid $$6,000$ in Year $1$ for $12$ months of insurance coverage beginning March $1^{st}$ Year $1.$

f$.$ In year $1,$ Company paid employees $$24,000$ for wages the employees earned during Year $1.$ In year $2,$ Company paid employees $$3,500$ for wages the employees earned during Year $1.$

g$.$ Company paid $$12,000$ for rent in Year $1$ for occupying the office space during Year $1.$

h$.$ Company purchased $$9,000$ of inventory during Year $1.$ Company sold $$6,000$ of that inventory during Year $1,$ and charged customers $$18,000$ for the inventory sold. Company collected $$16,000$ of the $$18,000$ from customers in Year $1.$

i$.$ In year $1,$ Company borrowed $$20,000$ from The Bank, repaid $$2,000$ of principle, and paid $100\%$ of the interest accrued for Year $1$ which was $$600.$

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