V Your answer is 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 loss using either a negative sign preceding the number, e.g. -45 or parentheses e.g. (45).) WILDHORSE SALES AND SERVICE Income Statement For the Month Ended January 31, 2025 (1) Cash Basis (2) Accrual Basis Revenues 76392 128094 Expenses Cost of Computers & Printers 108840 82144 Rent 15000 i 5000 Salaries and Wages 9600 13992 Other Operating Expenses 9792 13184 Total Expenses 143232 114320 Net Income / (Loss) -66840 $ 13774Using the transaction data above, prepare (1) a cash-basis balance sheet and (2) an accrual-basis balance sheet as of January 31, 2025. (List assets in order of liquidity.) WILDHORSE SALES AND SERVICE Balance Sheet (1) Cash Basis (2) Accrual Basis Assets $ $ $ $ Liabilities and Owners' Equity to $ $