Quick Cleaners, Incorporated (QCI), has been in business for several years. It specializes in cleaning houses but has some small business clients as well. a. Issued $21,000 of QCI stock for cash. b. Incurred $840 of utilities costs this month and will pay them next month. c. Incurred and paid wages for the current month, totaling $2,600. d. Performed cleaning services on account worth $3,800. e. Some of Quick Cleaners's equipment was repaired at a total cost of $300. The company paid the full amount at the time the repair work was done. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine QCI's preliminary net income.