T-accounts for RAM Technology, Inc., are shown below.

\begin{tabular}{lr|lr}

\multicolumn{4}{c}{ Cash } \\

\hline

(a) & 100,000 &

(b) & 45,000 \\

(c) & 50,000 &

(d) & 5,000 \\

(e) & 25,000 &

(f) & 20,000 \\

(i) & 15,000 & (g) & 53,500 \\

& & (h) & 30,000

\end{tabular}

\begin{tabular}{|c|c|c|c|c|c|c|c|}

\hline \multicolumn{4}{|c|}{ Accounts Receivable } & \multicolumn{4}{|c|}{ Inventory } \\

\hline

(e) & 30,000 & (i) & 15,000 &

(d) & 35,000 &

(e) & 30,000 \\

\hline

\end{tabular}

\section*{Building}

\begin{tabular}{|c|c|c|c|}

\hline

(b) & 150,000 & & \\

\hline & \multicolumn{3}{|c|}{ Notes Payable } \\

\hline (g) & 50,000 &

(c) & 50,000 \\

\hline

\end{tabular}

Cost of Goods Sold

(e) 30,000

\section*{Accounts Payable}

\begin{tabular}{l|l}

\hline (h) 30,000 &

(d) 30,000

\end{tabular}

Capital Stock

(a) 100,000 Mortgage Payable

(b) 105,000 Sales Revenue

(e) 55,000 Interest Expense

(g) 3,500 Required:

1. Analyze these accounts and detail the appropriate journal entries that must have been made by RAM Technology, Inc. (Omit explanations.)

2. Determine the amount of net income/loss from the account information