Siver Star Mountain Resort is a ski resort northeast of Vornon in Bnitish Columbia. Besides maintaining well-groomed ski runs, the compary sells lit tickets, ski lessons, and ski cquipment, it operates several restaurants and rents townhouses to vacationing skiers. The following hypothetical December transactions are typical of those that occur at the resort. a. Borrowed $520,000 from the bank on Dencember 1 , signing a note payable due in six months. b. Purchised a new snowplow for $22,000 cash on December 31 . c Pulchased ski supplies for $11,000 on account. d incuned $24,000 in routine maintenance expenses for the chaitlifts. paid cash. e. Accelved $76.000 for season passes (beginning in the new year). i Sold dally lift passes this month for a total of $80,000 cash. g. Recetved a $340 deposat on a townhouse to be rented for five days in January. h Paid haif the charges incurred on account in (c) 1 Paid $18,400 in wages to enployces for the moth of December. Required: 1-n. Prepaje journal entries for each of the above transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field,) 1-b. Calculate the company's preliminary net income