Question 28 1 pts The Colman Company completed the following transactions for the month: Owners began company by investing $20,000. Purchased $23,040 of equipment which has a useful life of 6 years and is expected to be worthless at the end of that time. Performed $4,000 of services for customers. Purchased $200 of office supplies Received utility bill for $250; will be paid next month. Received $800 from a customer for services sold in advance. Paid employee payroll of $4,100. Supplies on hand reported at $60. Based on the transactions above, what was the company's net income for the month? As needed, round your final answer to the nearest whole dollar. Question 30 1 pts The Daily Company buys art work for $340 per piece and sells them for $500 each; the company has the following sales forecast: January 200 units, February 320 units and March 280 units. Ending inventory for each month should be 20% of the next month's sales. The company had 30 units on hand on January 1st. What total dollar amount of inventory would appear on the company's balance sheet budget for February