On January 1, 2017, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville,Arkansas, by investing $91,012cash. The new company, Buffalo Sales and Service, has the following transactions during January.

1.	Pays $9,000 in advance for 3 months rent of office, showroom, and repair space.
2.	Purchases43 personal computers at a cost of $1,648 each,9 graphics computers at a cost of $2,648 each, and28 printers at a cost of $448 each, paying cash upon delivery.
3.	Sales, repair, and office employees earn $13,612 in salaries and wages during January, of which $4,012 was still payable at the end of January.
4.	Sells33 personal computers at $2,698 each,7 graphics computers for $3,748 each, and18 printers for $648 each; $76,012 is received in cash in January, and $50,922 is sold on a deferred payment basis.
5.	Other operating expenses of $9,412 are incurred and paid for during January; $3,012 of incurred expenses are payable at January 31.

Using the transaction data above, prepare (1) a cash-basis income statement and (2) an accrual-basis income statement for the month of January.