QUESTION 1 For each of the following transactions of the Bland Corp. Indicate the effect on Net Income by entering Note: A for increase, B for decrease and C for no change. a Bland provides a service to a customer on September 1; the customer pays cash on September 12. Bland incurs an expense for utilities for the month of December. The company pays the bill for the utilities on December 31 c. Bland receives a bill for website hosting for the period November 1 to November 30. The company plans to pay the bill on its due date, December 15. Bland purchases inventory for cash during the month of February. e Bland sells 100 units of inventory. The selling price of the inventory was $15 per unit, and the cost per unit was $11. t. Bland receives $4,000 cash on October 15 from a customer. In exchange, the company agrees to provide service to the customer in the months of November and December Bland uses cash to pay off a loan in its entirety. QUESTION 2