Cintu is a large marketer and distributor of food service products serving restaurants, hotels, schools, hospitals, and other institutions. The following transactions are typical of those that occurred in a recent year, but the amounts are simplified. a. Borrowed $83,000 from a bank, signing a short-term note payable. b. Provided $110,900 in service to customers, with $104,500 on account and the rest received in cash. c. Purchased equipment for $204,000 in cash. d. Incurred and paid employee wages of $2,400. e. Received $820 on account from a customer. Incurred and paid $5,450 cash for travel costs during the year. 9. Paid $9,700 cash on accounts payable. h. Incurred $26,400 in utility expenses during the year, of which $20,800 was paid in cash and the rest owed on account. Required: 1. For each of the above transactions, prepare accrual basis journal entries. 2. Calculate the company's preliminary net income