Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $12. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment $ 1,680,000 182,000 20,500 Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings 906,000 462,000 1,690,000 167,000 97,000 111,000 2,200,000 2,365,500 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 following transactions occurred during the January month: a. Received $55,250 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. b. Purchased 10 new computer servers for $39,600 on 1/2; paid $11,000 cash and signed a three-year note for the remainder owed. c. Paid $18,700 for an Internet advertisement run on 1/3. d. On January 4, purchased and received $5,000 of supplies on account. e. Received $185,000 cash on 1/5 from customers for service revenue earned in January. f. On January 6, paid $5,000 cash for supplies purchased on January 4. g. On January 7, sold 13,200 subscriptions at $12 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $315,000 in wages to employees on 1/30 for work done in January. 1. On January 31, received an electric and gas utility bill for $5,980 for January utility services. The bill will be paid in February.