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Computation of Income Cash IS 76,000 IS 53,000 b. 0 G 0 53,000 (10,600) (10.700) d (21,400) Summary of Transactions Services performed for customers, 576,000, of which $23,000 remained uncollected at the end of the quarter Cash borrowed from the local bank, $53,000 (one year noto) Small service truck purchased at the end of the quarter to be used in the business for two years starting the next quarter cost, $10,600 cash Wages earned by employees, $21,400, of which one-hall remained unpaid at the end of the quarter Service supplies purchased for use in the business, $3.980 cash, of which $910 were unused (still on hand) at the end of the quarter Other operating expenses, $31.000, of which S6 800 remained unpaid at the end of the quarter Based only on these transactions, compute the following for the quarter Income (or loss) Cash Inflow (or outflow) e 3,070 (3,980) + (31000) (24,200) 9 $ (19.730) 5 56,520