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$[$The following information applles to the questions displayed below.$]$

Vanishing Games Corporation $($VGC$)$ operates a massively multiplayer online game,

charging players a monthly subscription of $$12.$ At the start of January $2021,$ VGC$\text{'}$s income

statement accounts had zero balances and its balance sheet account balances were as

follows:

In addition to the above accounts, VGC$\text{'}$s chart of accounts includes the following: Service

Revenue, Salarles and Wages Expense, Advertising Expense, and Utillties Expense. The

following transactions occurred during the January month:

a$.$ Recelved $$65,250$ cash from customers on $\frac{1}{1}$ for subscriptions that had already been

earned and charged on account in $2020.$

b$.$ Purchased $10$ new computer servers for $$34,600$ on $\frac{1}{2}$; pald $$14,400$ cash and signed a

three$-$year note for the remalnder owed.

c$.$ Pald $$12,600$ for an Internet advertisement that ran today on $\frac{1}{3}.$

d$.$ On January $4,$ purchased and recelved $$3,300$ of supplies on account.

e$.$ Recelved $$215,000$ cash on $\frac{1}{5}$ from customers for service revenue earned but not

previously recorded in January.

f$.$ On January $6,$ pald $$3,300$ cash for supplles purchased on January $4.$

g$.$ On January $7,$ sold $19,200$ subscriptions at $$12$ each for services provided during January.

Half was collected in cash and half was sold on account.

h$.$ Pald $$420,000$ in wages to employees on $\frac{1}{30}$ for work done in January.

On January $31,$ recelved an electric and gas utillty bill for $$5,250$ for January utllity

services. The bill will be pald in February.

Prepare a classIfied Balance Sheet at January $31,2021,$ using your response to part $6.$