Skidmore Music Company had the following transactions in March: a. Sold instruments to customers for $15,200; received $11,500 in cash and the rest on account. The cost of the instruments w $7,400. b. Purchased $3,300 of new instruments inventory; paid $1,800 in cash and owed the rest on account. c. Paid $610 in wages to employees who worked during the month. d. Received $4,700 from customers as deposits on orders of new instruments to be sold to the customers in April. e. Received a $260 bill for March utilities that will be paid in April. Complete the following statements: Cash Basis Income Statement Revenues Cash sales Customer deposits Expenses Inventory purchases Wages paid Net income Accrual Basis Income Statement Revenues Sales to customers Expenses Cost of sales Wages expense Utilities expense Net income