Vanishing Games Corporation $($VGC$)$ operates a massively multiplayer online game, charging players a monthly subscription of $$10.$ At the start of January $2021,$ VGC$$s income statement accounts had zero balances and its balance sheet account balances were as follows:

Cash $ $1,810,000$

Accounts Receivable $224,000$

Supplies $23,400$

Equipment $916,000$

Buildings $446,000$

Land $1,950,000$

Accounts Payable $120,000$

Deferred Revenue $91,000$

Notes Payable $($due $2025)159,000$

Common Stock $2,600,000$

Retained Earnings $2,399,400$

In addition to the above accounts, VGC$$s chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense.

The January transactions are shown below:

Received $$68,500$ cash from customers on $1/1$ for subscriptions that had already been earned and charged on account in $2020.$

Purchased $10$ new computer servers for $$30,800$ on $1/2$; paid $$19,900$ cash and signed a three$-$year note for the remainder owed.

Paid $$17,100$ for an Internet advertisement that ran today on $1/3.$

On January $4,$ purchased and received $$3,350$ of supplies on account.

Received $$205,000$ cash on $1/5$ from customers for service revenue earned but not previously recorded in January.

On January $6,$ paid $$3,350$ cash for supplies purchased on January $4.$

On January $7,$ sold $19,400$ subscriptions at $$10$ each for services provided during January. Half was collected in cash and half was sold on account.

Paid $$360,000$ in wages to employees on $1/30$ for work done in January.

On January $31,$ received an electric and gas utility bill for $$6,180$ for January utility services. The bill will be paid in February.

Income Statement, Stmt of Retained Earnings and Balance Sheet