I. Following are several January 2016 transactions for Meat Market, Inc. Determine the effect on January 2016 net income computed on an accrual basis and net income computed on a cash basis. Your answers should include both a sign and an amount. If an item has no effect write "NA." Item Accrual Basis Cash Basis A. Paid $1,800 for a commercial meat slicer on 1/1/16. The slicer has a 3 year useful life B. Billed commercial customers $25,000 under the terms 1/10, n/30 $5,000 was for a New Year's Eve Party on December 31, 2015 C. Collected $8,415 on December accounts receivable, net of $85 in sales discounts D. Paid S3,000 for Janaury and February's rent E. Recorded bad debt expense of $2.000 F. Received S5,500 as a deposit on a February 5 Super Bowl party G. Repaid a S5,000 loan plus $200 interest on January 31. Accrued interest on the loan totaled $150 at