Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. 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 $ 2,220,000 225,000 20,600 919,000 Buildings 479,000 Land 1,770,000 Accounts Payable 117,000 109,000 Notes Payable (due 2025) 132,000 5 2,500,000 2,775,600 Deferred Revenue Common Stock Retained Earnings 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: a. Received $51,250 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 $38,800 on 1/2; paid $18,000 cash and signed a three-year note for the remainder owed. c. Paid $18,400 for an Internet advertisement run on 1/3. d. On January 4, purchased and received $3,800 of supplies on account. e. Received $200,000 cash on 1/5 from customers for service revenue earned in January. On January 6, paid $3,800 cash for supplies purchased on January 4. g. On January 7, sold 10,300 subscriptions at $15 each for services provided during January. Half was collected in cash and half was sold on account h. Paid $320,000 in wages to employees on 1/30 for work done in January On January 31, received an electric and gas utility bill for $6,070 for January utility services. The bill will be paid in February