On January 1, 2025, Norma 5 mith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $91,392 cash. The new company. Wildhorse Sales and Service, has the following transactions during January. 1. Pays $15,000 in advance for 3 months' rent of office, showroom, and repair space. 2. Purchases 43 personal computers at a cost of $1,668 each, 9 graphics computers at a cost of $2,668 each, and 28 printers at a cost of $468 each, paying cash upon delivery. 3. Sales, repair, and office employees earn $13,992 in salaries and wages during January, of which $4,392 was still payable at the end of January. 4. Sells 33 personal computers at $2,718 each, 7 graphics computers for $3,768 each, and 18 printers for $668 each; $76,392 is received in cash in January, and $51,702 is sold on a deferred payment basis. 5. Other operating expenses of $9,792 are incurred and paid for during January: $3,392 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. (Enter loss using either a negative sign preceding the number, eg. 45 or parentheses e. (45)) J