1) Please help on what I'm missing in the chart below:

In January, Tongo, Incorporated, a branding consultant, had the following transactions.

Received $9,500 cash for consulting services rendered in January.

Issued common stock to investors for $10,000 cash.

Purchased $12,000 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.

Received $7,500 cash for consulting services to be performed in February.

Bought and received $1,000 of supplies on account.

Received utility bill for January for $1,250, due February 15.

Consulted for customers in January for fees totaling $15,900, due in February.

Received $12,000 cash for consulting services rendered in December.

Paid $500 toward supplies purchased in (e).

2) Determine the companys preliminary net income $_________

The following transactions occurred during a recent year:

Paid wages of $1,000 for the current period (example).

Borrowed $5,000 cash from local bank using a short-term note.

Purchased $2,000 of equipment on credit.

Earned $400 of sales revenue; collected cash.

Received $800 of utilities services, on credit.

Earned $1,700 of service revenue, on credit.

Paid $300 cash on account to a supplier.

Incurred $70 of travel expenses; paid cash.

Earned $400 of service revenue; collected half in cash, with balance on credit.

Collected $100 cash from customers on account.

Incurred $300 of advertising costs; paid half in cash, with balance on credit.

2) Determine the companys preliminary net income _________

Answer is not complete