vas informed it would receive no additional payment based on the outcome of the bankruptcy case. In addition to the transaction above, the following occurred: - The company both incurred and paid expenses for the following in Year 1: \begin{tabular}{|c|} \hline$4,000 \\ \hline \end{tabular} (e.g. syntax: a $5,000 net loss amount should be entered as -5000 )