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 $ 2,220,000 Accounts Receivable Supplies Equipment 225,000 20,600 919,000 Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings 479,000 1,770,000 117,000 109,000 132,000 2,500,000 2,775,600 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. 1. On January 31, received an electric and gas utility bill for $6,070 for January utility services. The bill will be paid in February.