Use the following transactions to answer questions 17-19 Determine the amount of revenue or expense that would be reported at the time of the transaction under the two methods. An example transaction has been completed for you. Example: Purchased office supplies for cash, $440 example Transaction Purchased office supplies for cash, $440 (no accrued expense, hasn't been used yet....cash flowed for the operating cost so it's a cash expense) Accrual-basis Cash-basis Revenue Expense Revenue Expense $0 $0 50 $440 17. Issue common stock for $500,000 18. 19. Incurred $500 of utilities costs in the current month but have not paid yet. Received $3,000 from customers who were previously billed.