Excerpts from the financial statements of Tree Tops Services are as follows:

Net cash from operations consists of two components: (1) cash collections from services rendered and (2) cash payments due to operating activities.

REQUIRED:
For 2017, compute (1) cash collections from services rendered and (2) cash payments due to operating activities.

Transcribed Image Text:

2017 2016 Balance sheet: $ 2,500 $ 3,100 Accounts receivable Unearned revenue 1,300 2,600 Income statement: Revenues from services 54,700 49,800 Statement of cash flows: Net cash from operations 45,600 58,700