Choice Chicken 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 transaction (a) of the following table: Required: 1. For each of the six transactions given in this tabulation, enter what you consider to be the correct amounts. The first transaction is illustrated. Note: Amounts to be deducted and Iossesloutflows should be indicated with a minus sign. 6 Answer is complete but not entirely correct. a. Services performed for customers: $121,000. ofwhich $21000 remained uncollected atthe end of the quarter. $ 121,000 $ 100000 b. Cash borrowed from the local bank, $31,000 (one-year note). 0 0 31,000 0 c. Small service truck purchased at the end of the quarter to he used in the business for two 0 o (14 000) 0 years starting the next quarter: Cost, $14,000 cash. ' d. Wages earned by employees, $40000, of which onesixth remained unpaid at the end of the quarter. (48,00010 (40,00010 e. Service supplies purchased for use in the business: $10.000 cash, of which $35100 were unused (still on hand) at the end of the quarter. (5'500) o (\"1000) o f. Other operating expenses: $43,000: of which one-half remained unpaid at the end of the quarter. (43,00010 (21,500) 0 g. Based only on these transactions. compute the following for the quarter: Income (or loss) $ 23.400 0 Cash inow (or outow) $ 14.500 0