On January 1, 2025, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $90,328 cash. The new company, Marigold Sales and Service, has the following transactions during January. 1. Pays $12,000 in advance for 3 months' rent of office, showroom, and repair space. 2. Purchases 44 personal computers at a cost of $1,612 each, 10 graphics computers at a cost of $2,612 each, and 29 printers at a cost of $412 each, paying cash upon delivery. 3. Sales, repair, and office employees earn $12,928 in salaries and wages during January, of which $3,328 was still payable at the end of January. 4. Sells 34 personal computers at $2,662 each, 8 graphics computers for $3,712 each, and 19 printers for $612 each; $75,328 is received in cash in January, and $56,504 is sold on a deferred payment basis. 5. Other operating expenses of $8,728 are incurred and paid for during January; $2,328 of incurred expenses are payable at January 31.