Current Attempt in Progress On January 1, 2020, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $91.012 cash. The new company, Sunland Sales and Service, has the following transactions during January. 1. Pays $9,000 in advance for 3 months' rent of office, showroom, and repair space. 2. 3. 4. 5. Purchases 43 personal computers at a cost of $1,648 each. 9 graphics computers at a cost of $2,648 each, and 28 printers at a cost of $448 each, paying cash upon delivery. Sales, repair, and office employees earn $13,612 in salaries and wages during January, of which $4,012 was still payable at the end of January. Sells 33 personal computers at $2,698 each, 7 graphics computers for $3,748 each, and 18 printers for $648 each; $76,012 is received in cash in January, and $50,922 is sold on a deferred payment basis. Other operating expenses of $9.412 are incurred and paid for during January: $3,012 of incurred expenses are payable at January 31.