C3-1 (Algo) Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements (Chapters 1-3) [LO 3-2, LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below] Vanishing Games Corporation (VGC) operates a massively multiployer online game, charging players a monthly subscription of S13. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: In addition to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilies Expense. The following transections oocuered during the January month. a Recelved 571,750 cash from customers on 1/1 for subscriptions that had already been eamed and charged on account in 2020 b. Purchased 10 new compoter servers for $40,800 on 1/2 : paid $15,600cash and signed a three-year note for the remainder owed. c. Paid $15,100 for an internel odvertisement run on 13 . d, On Januory 4 , purchesed and recelved $4,500 of supplies on account. e. Received $220,000 cash on 1/5 from cusiomers for service revenue earned in January f. On Jonuary 6 . poid $4,500 cash for supplos purchased on January 4 . 9. On January 7, sold 13,800 subsenptions at 513 each for services provided during January. Half was collected in cash and half wos sold on account. h. Poid $370.000 in wages to employees on 1/30 for work done in Janwary. 1. On Jomuacy 31, recelved on electric and gas utility bill for 55,750 for Janunry utlity services. The bill will be paid in February. 5. Prepare an Income Statement for the month ended January 31,2021 , using unadjusted balances from part 4