The following transactions occurred during a recent year:

a$.$ Paid wages of $$1,000$ for the current period $($example$).$

b$.$ Borrowed $$5,000$ cash from local bank using a short$-$term note.

c$.$ Purchased $$2,000$ of equipment on credit.

d$.$ Earned $$400$ of sales revenue; collected cash.

e$.$ Received $$800$ of utilities services, on credit.

$f.$ Earned $$1,700$ of service revenue, on credit.

g$.$ Paid $$300$ cash on account to a supplier.

h$.$ Incurred $$70$ of travel expenses; paid cash.

i$.$ Earned $$400$ of service revenue; collected half in cash, with balance on credit.

j$.$ Collected $$100$ cash from customers on account.

k$.$ Incurred $$300$ 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. Include revenues and expenses as subcategories of stockholders'

equity, as shown for the first transaction, which is provided as an example.

Determine the company's preliminary net income.