On January 1, 2023, Caroline Lampron and Jenni Meno formed a computer sales and service enterprise in Montreal by investing $88,200 cash. The new company, Marigold Sales and Service, had the following transactions in January: 1. Paid $5,880 in advance for three months' rent of office, showroom, and repair space. 2. 3. 4. 5. Purchased 40 personal computers at a cost of $1,470 each, six graphics computers at a cost of $2,940 each, and 25 printers at a cost of $441 each, paying cash on delivery. Sales, repair, and office employees earned $12,348 in salaries during January, of which $2,940 was still payable at the end of January. Sold 30 personal computers for $2,499 each, four graphics computers for $4,410 each, and 15 printers for $735 each. Of the sales amounts, $73,500 was received in cash in January and $30,135 was sold on a deferred payment plan. Other operating expenses of $8,232 were incurred and paid for during January; $1,960 of incurred expenses were payable at January 31. Using the transaction data above, prepare (1) a cash basis statement of financial position and (2) an accrual basis statement of financial position as at January 31, 2023. (List Current Assets in order of liquidity.) Marigold Sales and Service Statement of Financial Position As of January 31, 2023 Assets Cash Accounts Receivable Inventory Prepaid Rent Total Assets $ $ Cash Basis i i $ $ Accrual Basis Liabilities and Owners' Equity Accounts Payable Salaries and Wages Payable Owners' Equity Total Liabilities and Owners' Equity $ i $