Fill this chart out please WEEK $3$ Assignment Jackson and Railey are siblings who own a casual dining restaurant in the outskirts of the town. Jackson likes to report his income statement using cash accounting, and Railey likes to report her income statement using accrual accounting. Given the following information, complete the spreadsheet below for July using both accrual accounting for Jackson and cash accounting for Railey. The restaurant generated $\backslash (\backslash$$ $255,000\backslash )$ in revenue, but only received $\backslash (\backslash$$ $180,000\backslash ).-$ Cost of food sold was $\backslash (\backslash$$ $148,000\backslash ),$ but only $\backslash (\backslash$$ $105,000\backslash )$ was paid to the supplier. $-$ Salaries and wages were $\backslash (\backslash$$ $40,000\backslash ),$ but only $\backslash (70\backslash \%\backslash )$ was paid to employees. $-$ Utilities expense was $\backslash (\backslash$$ $10,000\backslash )$ and only $\backslash (\backslash$$ $7,000\backslash )$ was paid. $-$ Maintenance expense was $\backslash (\backslash$$ $1,500\backslash ),$ but it had been prepaid in June. $-$ Marketing expense was $\backslash (\backslash$$ $1,000\backslash )$ and all of it was paid. $-$ Rent expense was $\backslash (\backslash$$ $10,000\backslash )$ but only $\backslash (60\backslash \%\backslash )$ of it was paid. $\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}\backslash$hline & $\backslash$begin$\{$tabular$\}\{$c$\}$ Railey $\backslash \backslash$ Accrual Accounting $\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$ Jackson $\backslash \backslash$ Cash Accounting $\backslash$end$\{$tabular$\}\backslash \backslash \backslash$hline Revenue & & $\backslash \backslash \backslash$hline Expenses are: & & $\backslash \backslash \backslash$hline Cost of Food Sold & & $\backslash \backslash \backslash$hline Salaries and Wages & & $\backslash \backslash \backslash$hline Utilities & & $\backslash \backslash \backslash$hline Maintenance & & $\backslash \backslash \backslash$hline Marketing & & $\backslash \backslash \backslash$hline Rent & & $\backslash \backslash \backslash$hline Total Expenses & & $\backslash \backslash \backslash$hline Net Profit or $($Loss$)$ & & $\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$