how to find out the Income(or loss) and the Cash Inflow( or Outflow)

Huang Trucking Company was organized on January 1. At the end of the first quarter (three months) of operations, the owner prepared a summary of its activities as shown in the first row of the following tabulation: Required: 1. For each of the six transactions given in this tabulation, enter what you consider to be the correct amounts. The first transaction is illustrated. (Amounts to be deducted and losses/outflows should be indicated with a minus sign.) $ Computation of Income Cash 72,000 $ 48,000 oi 52.000 0 (11.100) (21,800)| (11,100) Summary of Transactions a. Services performed for customers, $72,000, of which $24,000 remained uncollected at the end of the quarter. b. Cash borrowed from the local bank, $52,000 (one-year noto). Small service truck purchased at the end of the quarter to be used in the business for two years c. starting the next quarter: cost, $11,100 cash. d Wages earned by employees, $21,800, of which one-hall remained unpaid at the end of the quarter Service supplies purchased for use in the business, $5,370 cash, of which $1,020 were unused e. (still on hand) at the end of the quarter. f. Other operating expenses. $30,000, of which $6,300 remained unpaid at the end of the quarter. 9. Based only on these transactions, compute the following for the quarter: Income (or loss) Cash inflow (or outflow) (4.350) (5,370) (30,000) (23,700)