Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $11. At the start of January 2021, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Buildings Land $ 1,630,000 208,000 15,400 936,000 516,000 1,600,000 Accounts Payable Deferred Revenue Notes Payable (due 2025) Common Stock Retained Earnings 160,000 166,000 150,000 2,700,000 1,729,400 In addition to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages. Expense, Advertising Expense, and Utilities Expense. The following transactions occurred during the January month: a. Received $62,500 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020. b. Purchased 10 new computer servers for $41,100 on 1/2; paid $12,200 cash and signed a three-year note for the remainder owed. c. Paid $13,400 for an Internet advertisement that ran today on 1/3. d. On January 4, purchased and received $5,750 of supplies on account. e. Received $210,000 cash on 1/5 from customers for service revenue earned but not previously recorded in January. f. On January 6, paid $5,750 cash for supplies purchased on January 4. g. On January 7, sold 12,300 subscriptions at $11 each for services provided during January. Half was collected in cash and half was sold on account. h. Paid $320,000 in wages to employees on 1/30 for work done in January. 1. On January 31, received an electric and gas utility bill for $5,520 for January utility services. The bill will be paid in February. Required: 1. Analyze the effect of the January transactions on the accounting equation, and indicate the account, amount, and direction of the effect of each transaction. (Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.) Assets a a b = b. = C d. = e = f = = g. g = h L Liabilities + + + + + + + + Stockholders' Equity