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 $ 74,000 $ 55,000 Summary of Transactions Services performed for customers, 574.000, of which $19,000 remained uncollected at the end of the quarter. h. Cash borrowed from the local bank. 559,000 (one-year note). 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, $9,600 cash Wagos camned by employees, $21,200, of which one-half remained unpaid at the end of the d quarter Service supplies purchased for use in the business, $5,120 cash, of which $2,350 were unused (still on hand) at the end of the quarter 1 Other operating expenses. $27,000, 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 intlow (or outflow)