12 ICE Served Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the journal entry to record this transaction. (if no entry is required for a transaction/event, se the first account field.) 00:47:46 View transaction list eBook Hint Journal entry worksheet Print Record the service revenue of $110 for cash and $70 on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Identify the amount that shodid be re Net Cash Flow Net Income Net Income Increase in Accounts Receivable Net Cash Flow from Operating Activities Suppose your company sells services of $180 in exchange for $110 cash and $70 on account Required: 1. Prepare the journal entry to record this transaction 2. Identify the amount that should be reported as net cash flow from operating activities. 3. Identify the amount that would be included in net income 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operatin