1. Financial statement model Gifford Company experienced the following accounting events during 2018: 2. Started operations on January 1 when it acquired $20,000 cash by issuing common stock. 3. Eamed $18,000 of revenue on account. 4. On March 1, collected $36,000 cash as an advance for services to be performed in the future. 5. Paid cash operating expenses of $17,000. 6. Paid a $2,700 cash dividend to stockholders. On December 31, 2018, adjusted the books to recognize the revenue earned by providing services related to the advance described in Event 3. The contract required Gifford to provide services for a one-year period starting March 1, 2018 8. Collected $15,000 cash from accounts receivable. Gifford Company experienced the following accounting events during 2019: 9. Recognized $38.000 of cash revenue. 10. On April 1. paid $12,000 cash for an insurance policy that provides coverage for one year beginning immediately 11. Collected $2,000 cash from accounts receivable. 12. Pald cash operating expenses of $21,000 13. Pald a $5,000 cash dividend to stockholders. 14. On December 31, 2019, adjusted the books to recognize the remaining revenue earned by providing services related to the advance described in Event 3, 2018 15. On December 31, 2019, Gifford adjusted the books to recognize the amount of the insurance policy used during 2019 a Record the events in a financial statements model like the one on page 87 of the textbook b. What amount of revenue would Gifford report on the December 2018 income statement? c. What amount of cash flow from customers would Gifford report on the 2018 statement of cash flows? d. What amount of unearned revenue would Gifford report on the 2018 and 2019 year-end balance shoots? 0. What are the 2019 opening balances for the revenue and expense accounts? 1. What amount of total assets would Gifford report on the December 21, 2018 balance sheet