mework Question 4 (of 1428 points Badger World Wide manufactures military, work, sport, and casual footwear and leather accessories under a vaniety of brand names, such as Caterpllar, Hush Puppies, Wolverine, and Steve Madden. The following transactions occurred during a recent month a Made cash sales of $67,800 (example) b. Purchased $3,650 of additional supplies on account c Borrowed $74,600 on long-term notes d Purchased $19,000 in additional equipment, paying in cash e. Incurred $36,600 in selling expenses f Paid $7,300 in rent for this month, and $7,300 for next month. 00 orths month and 70and osing the rest on accoumt ired 1. For each of the transactions, complete the table below, indicating the account, amount, and direction of the effect (+ for increase and- for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the first transaction, which is provided as an example. Also, determine the company's preliminary net income. (Enter any decreases to account balances with a minus sign. Cash 7 800 Sales Revenue 67.80 2. Determine the company's proliminary net income