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 Buildings Land Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings $ 1,680,000 182,000 20,500 906,000 462,000 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 January transactions are shown below: 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. Paid $5,000 cash to a supplier on January 6. 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. i. On January 31, received an electric and gas utility bill for $5,980 for January utility services. The bill will be paid in February Requirement General Journal General Ledger Trial Balance Income Statement Stmt of Retained Earnings Balance Sheet Analysis Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or loss for the period. VANISHING GAMES CORPORATION Income Statement For the Month Ended January 31, 2021 $ 0 $ 0 0 0 0 General General Stmt of Requirement Income Journal Retained Trial Balance Balance Sheet Ledger Statement Analysis Earnings Prepare the statement of retained earnings for the month ended January 31, 2018. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings. If there are no dividends, include a line that reports Dividends of zero. VANISHING GAMES CORPORATION Statement of Retained Earnings For the Month Ended January 31, 2021 Retained Earnings, January 1, 2021 Retained Earnings, January 31, 2021 Stmt of General General Requirement Income Trial Balance Retained Balance Sheet Analysis Journal Ledger Statement Earnings Use the dropdowns to select the accounts properly included on the classified balance sheet. You will need to determine and enter the balance of the Common Stock and Retained Earnings accounts in the Stockholders' Equity section. VANISHING GAMES CORPORATION Balance Sheet At January 31, 2021 $ 0 0 0 0 0 0 $ 0 0 Requirement General Journal General Ledger Trial Balance Income Statement Stmt of Retained Earnings Balance Sheet Analysis Calculate net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin