**DO NOT COPY FROM OTHERS** FINANCIAL ACCOUNTING Ali's Flower Shop operates as a sole proprietorship on the cash basis. Flowers Express operates on the accrual basis. Evaluate the following transactions and determine the amount of net income for each business. a. During July, there were $10,000 of flower sales. $8,000 were cash sales and $2,000 were on account. b. Store rent of $3,000 for July and August was paid on July 1. c. Employees were paid $800 wages in July. d. $950 worth of flower arranging supplies was purchased on July 10. e. On July 23, $140 in delivery charges were paid to We Deliver