uick Cleaners, Incorporated (QCI), has been in business for several years. It specializes in cleaning houses but has some small business clients as well. Issued $29,000 of QCI stock for cash. Incurred $1,055 of utilities costs this month and will pay them next month. Incurred and paid wages for the current month, totaling $2,700. Performed cleaning services on account worth $4,200. Some of Quick Cleanerss equipment was repaired at a total cost of $324. The company paid the full amount at the time the repair work was done. Required: Prepare journal entries for the above transactions, which occurred during a recent month. Determine QCI's preliminary net income