. . On January 1, 2022, Mary and John formed a computer sales and service company in Newcoville, Texas, by investing $90,000 cash. The new company, M&J Sales and Service, has the following transactions during January. 1.Pays $6,000 in advance for 3 months' rent of office, showroom, and repair space. 2.Purchases 40 personal computers at a cost of $1,500 each, 6 graphics computers at a cost of $2,500 each, and 25 printers at a cost of $300 each, paying cash upon delivery. 3.Sales, repair, and office employees earn $12,600 in salaries and wages during January, of which $3,000 was still payable at the end of January. 4. Sells 30 personal computers at $2,550 each, 4 graphics computers for $3,600 each, and 15 printers for $500 each; $75,000 is received in cash in January, and $23,400 is sold on a deferred payment basis. 5.Other operating expenses of $8,400 are incurred and paid for during January; $2,000 of incurred expenses are payable at January 31. Instructions . . (a) Using the transaction data above, prepare (1) a cash-basis income statement and (2) an accrual- basis income statement for the month of January. (b) Using the transaction data above, prepare (1) a cash-basis balance sheet and (2) an accrual-basis balance sheet as of January 31, 2022