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 income statement and (2) an accrual basis income statement for the month of January. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sales Revenue Marigold Sales and Service Income Statement For the Month Ended January 31, 2023 $ LA Cash Basis +A Accrual Basis Expenses Cost of computers & printers: Payments for Goods Other Expenses Cost of Goods Sold Salaries and Wages Rent Total Expenses Net Income/(Loss) > LA i +A $