On January $1,2023,$ Caroline Lampron and Jenni Meno formed a computer sales and service enterprise in Montreal by investing

$$97,200$ cash. The new company, Pronghorn Sales and Service, had the following transactions in January:

Paid $$6,480$ in advance for three months' rent of office, showroom, and repair space.

Purchased $40$ personal computers at a cost of $$1,620$ each, six graphics computers at a cost of $$3,240$ each, and $25$ printers

at a cost of $$486$ each, paying cash on delivery.

Sales, repair, and office employees earned $$13,608$ in salaries during January, of which $$3,240$ was still payable at the end of

January.

Sold $30$ personal computers for $$2,754$ each, four graphics computers for $$4,860$ each, and $15$ printers for $$810$ each. Of the

sales amounts, $$81,000$ was received in cash in January and $$33,210$ was sold on a deferred payment plan.

Other operating expenses of $$9,072$ were incurred and paid for during January; $$2,160$ of incurred expenses were payable

at January $31.$

$($a$)$

Your answer is partially correct.

Using the transaction data above, prepare $(1)$ a cash basis income statement and $(2)$ an accrual basis income statement for the

month of January. $($Enter negative amounts using either a negative sign preceding the number eg$.45$ or parentheses eg$.(45).)$