Skidmore Music Company had the following transactions in March: a. Sold Instruments to customers for $16,900; received $11,200 in cash and the rest on account. The cost of the instruments was $8,100. b. Purchased $3.500 of new instruments inventory, paid $1,100 in cash and owed the rest on account. c. Paid $630 in wages to employees who worked during the month. d. Received $4.200 from customers as deposits on orders of new instruments to be sold to the customers in April. e. Received a $220 bill for March utilities that will be paid in April. Complete the following statements: Accrual Basis Income Statement Revenues Sales to customers Cash Basis Income Statement Revenues Cash sales Customer deposits Expenses Inventory purchases Wages paid Expenses Cost of sales Wages expense Utilities expenso Net Income Net income