The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States. Swing Hard collected $17,200 from customers for lesson services provided in February. Swing Hard sold a gift card for golf lessons for $110 cash in February. Swing Hard received $6,600 from credit sales made to customers in January. Swing Hard collected $3,500 in advance payments for golf lessons to start in June. Swing Hard billed a customer $140 for services provided between February 25 and February 28. The bill is to be paid in March. Swing Hard paid $5,450 for wages to its golf instructors for the month of February. Swing Hard paid $2,450 for electricity used