It is Gold Corporation's first year of business. Given the information below, please calculate net income on the accrual basis as well as the cash balance on 12/31/15. The owner put $30,000 into the business The business had sales of $150,000. Half of the sales were received in cash. On 1/1/15 the business borrowed $100,000. Interest and principle are due in 3 year. The interest rate is 6%. The owner withdrew $4,000 for personal expenses. Expenses were $32,000. Of the total expenses, $8,000 was unpaid at year end. What is accrual net income? What is the amount of cash that this business has? Assume you are making entries on 12/31/15. Please make adjusting journal entries for the following transactions. Salaries were paid on January 3, 2016 in the amount of $20,000 for a 5 day work week. Two of the 5 days occurred in 2015 and requires an adjusting entry