Record the listed transactions of Nikea Inc. for the first quarter (January to March) in a journal. 01-02-2015 issued capital stock: $20,000

01-30-2015 paid the monthly rent: $5,000

02-02-2015 purchased supplies on account: $1,500

02-10-2015 paid a creditor on account: $1,000

03-03-2015 earned sales commissions: $25,000

03-30-2015 paid automobile expenses for the month: $4,500

03-30-2015 paid office salaries: $8,000

03-31-2015 determined the cost of supplies used: $1,500

03-31-2015 paid cash dividends: $1,500

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year