0 Cordelline, experienced the following events in 2018, its first year of operation: 1. Received $54,000 cash from the issue of common stock 2. Performed services on account for $76.000. 3. Paid a 55,400 cash dividend to the stockholders. 4. Collected $60,000 of the accounts receivable 5. Paid $54,000 cash for other operating expenses 6. Performed services for $12.500 cash 7. Recognized $2.400 of accrued utilities expense at the end of the year Required lo 19 19 1 6. & c. Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity. FA for financing activity, or for investing activity. If the element is not affected by the event, leave the cell blank b. Based on your response to Requirement a determine the amount of net income reported on the 2018 income statement d. Based on your response to Requirement determine the amount of cash flow from operating activities reported on the 2018 statement of cash flows. e. What is the before and after-closing balance in the service revenue account t. What is the balance of the retained earnings account that appears on the 2018 balance sheet? Complete this question by entering your answers in the tabs below Rec Rea and D and to Identify the events that result in revenue or expense recognition and those which affect the state of the statement of Cash Flowcom, OA to designate operating activity. FA for financing activist for at If the mentio fected by the event, leave the cell bank (Enter any decreases to account balances and cash outlaws with a minus sign. Not al cells will require entry) Event Revenue Expense statement of Cash Flows Check my w Cordell Inc. experienced the following events in 2018. its first year of operation: 1. Received $54,000 cash from the issue of common stock 2. Performed services on account for $76,000. 3. Paid a $5,400 cash dividend to the stockholders. 4. Collected $60,000 of the accounts receivable 5. Paid $54,000 cash for other operating expenses. 6. Performed services for $12.500 cash 7. Recognized $2.400 of accrued utilities expense at the end of the year to 19 19 few Required a. & c. Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, or IA for investing activity. If the element is not affected by the event leave the cell blank b. Based on your response to Requirement a determine the amount of net income reported on the 2018 income statement d. Based on your response to Requirement determine the amount of cash flow from operating activities reported on the 2018 statement of cash flows e. What is the before and after-closing balance in the service revenue account? t. What is the balance of the retained earnings account that appears on the 2018 balance sheet? Complete this question by entering your answers in the tabs below. Reg Aand c Based on your response to Requirement and determine the amount of net income cash flow from operating activities before and after closing balance in the service revenue account and balance of the Retained Earnings account reported on the 2018. b. Net income d. Net Gashow from operating activities Before closing balance Aer closing balance + Balance of retained earrings RegA and