The following transactions occurred during a recent year:$1$

A$.$ Paid wages of $$1,700$ for the current period $($example$).$

B$.$ Borrowed $$8,500$ cash from local bank using a short$-$term note.

C$.$ Purchased $$3,400$ of equipment on credit.

D$.$ Earned $$680$ of sales revenue; collected cash.

E$.$ Received $$1,360$ of utilities services, on credit.

F$.$ Earned $$2,870$ of service revenue, on credit.

G$.$ Paid $$510$ cash on account to a supplier.

H$.$ Incurred $$115$ of travel expenses; paid cash.

I. Earned $$680$ of service revenue; collected half in cash, with balance on credit.

J$.$ Collected $$190$ cash from customers on account.

K$.$ Incurred $$480$ of advertising costs; paid half in cash, with balance on credit.

Required:

For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect $(+$ for increase and $$ for decrease$)$ of each transaction under the accrual basis. If a transaction affects a temporary account, include the account name under "Temporary Accounts" and the financial effect under $"$NI$."$ Do not enter an amount under "Stockholders' Equity" for these transactions; their impact on stockholders' equity will occur later when the temporary accounts are closed at year$-$end. Do not enter No Effect $($NE$)$ or zero for any cells without an effect for each transaction despite what may be shown in textbook demonstration cases as these cells should be left blank.

Determine the company$$s preliminary net income.