Eitan Inc. performed the following transactions in 2017. Determine if an expense should be recognized for each transaction in 2017. If yes, record the account that is affected and the amount. If an expense is not to be recognized, explain why. Activit 15, 2017. Feb 2017, for work performed in January 2017. 2017. The insurance term is one vear 23, 2017. Expense account title and amount a. Eitan Inc. sold inventory costing S3,000 on January b.Eitan Inc. paid a S770 gas bill for December 2016 on c. Eitan Inc. paid S5,000 to employees on February 1, d. Eitan Inc. purchased insurance for $4,500 on July 1, e. Eitan Inc. paid S340 for general repairs on October f.Eitan Inc. received an electricity bill at the amount of 2,2017 S1,300 for November 2017 on December 31,2017. The firm paid the bill in January 2018 g. Eitan Inc. had supplies at the amount of $700 at the beginning of 2017. The firm acquired additional supplies during 2017 at the amount of $1,350. At the end of 2017, Eitan Inc. had supplies at the amount of $490 remaining