On January 1, 2025, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $90,784 cash. The new company, Metlock Sales and Service, has the following transactions during January. 1. Pays $12,000 in advance for 3 months' rent of office, showroom, and repair space. 2. Purchases 45 personal computers at a cost of $1,636 each, 11 graphics computers at a cost of $2,636 each, and 30 printers at. a cost of $436 each, paying cash upon delivery. 3. Sales, repair, and office employees earn $13,384 in salaries and wages during January, of which $3,784 was still payable at the end of January. 4. Sells 35 personal computers at $2,686 each, 9 graphics computers for $3,736 each, and 20 printers for $636 each; $75,784 is received in cash in January, and $64,570 is sold on a deferred payment basis. 5. Other operating expenses of $9,184 are incurred and paid for during January; $2,784 of incurred expenses are payable at January 31. (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. (Enter loss using either a negative sign preceding the number, e.g. -45 or parentheses e.g. (45).)