Computation of Income Cash $ 75,000 $ 45,000 Summary of Transactions Services performed for customers, $75,000, of which $30,000 remained a. uncollected at the end of the quarter. b. Cash borrowed from the local bank, $51,000 (one-year note) Small service truck purchased at the end of the quarter to be used in the c. business for two years starting the next quarter cost, $10,800 cash. d. Wages earned by employees, $22,300, of which one-half remained unpaid at the end of the quarter. Service supplies purchased for use in the business, $4,430 cash, of e which $980 were unused (still on hand) at the end of the quarter. 1. Other operating expenses, $27,000, of which $6,900 remained unpaid at the end of the quarter. Based only on these transactions, compute the following for the quarter: Income (or loss) Cash inflow (or outflow)