2.) please fill account equation and fix mistakes. format like i did please!!!

Return to question 2 In Year 1. Lee Inc. billed its customers $56,900 for services performed. The company collected 541400 of the amount billed. Lee incurred $37,100 of other operating expenses on account. Lee paid $24.200 of the accounts payable. Lee acquired $25,000 cash from the issue of common stock. The company invested $14.000 cash in the purchase of land Required (Hint: Identify the six events described in the paragraph and record them in general ledger accounts under an accounting equation before attempting to answer the questions) Use the preceding information to answer the following questions: a. What amount of revenue will Lee report on the Year income statement? b. What amount of cash flow from revenue will be reported on the statement of cash flows? c. What is the not income for the period? d. What is the net cash flow from operating activities for the period? 1. What is the amount of net cash flow from investig activities? 9. What is the amount of net cash flow from financing activities? h. What amounts of total assets, liabilities, and equity will be reported on the year-end balance sheet? Answer is not complete. Complete this question by entering your answers in the tabs below. Accounting Equation Reg A to D Reg to H Record the effects of each accounting event under the appropriate general ledger account headings Enter any decreases to account balance with minus sign LEE INC Fonts on the General Ledgar Account Return to question h. What amounts of total assets. liabilities, and equity will be reported on the year-end balance sheet? Answer is not complete. Complete this question by entering your answers in the tabs below. Accounting Equation Reg A to D Reg F to H Record the effects of each accounting event under the appropriate general ledger account headings (inter any decreases to account balance with a minus sign.) LEE INC Elect of Events on the General Ledger Accounts Assets Account Cau Account Land Receivable 59.600 59.600 50,000 Event Tinchy Com Ratin Block + 1 12 - 3 4 Sales on count Collected accounts receivable noun expense Paid accounts payable sue of stock Purchase and Tots 5 0 0 O 50,000 39,000 - 59,000 Reg A to D Nont> Is the net cash flow from operating activities for the period? f. What is the amount of net cash flow from investing activities? g. What is the amount of net cash flow from financing activities? h. What amounts of total assets, liabilities, and equity will be reported on the year-end balance sheet? Answer is not complete Complete this question by entering your answers in the tabs below. Accounting Equation Reg A to D Reg F to H What is the revenue, cash flow from revenue, net income, and net cash flow from operating activities for the period? Amount 56,900 $ 41,400 $ 42,400 Revenue recognized Cash flow from revenue Net Income Net cash flow from operating activities b. C d 14,000 oth investing activities? g. What is the amount of net cash flow from financing activities? h. What amounts of total assets, liabilities, and equity will be reported on the year end balance sheet? Answer is not complete Complete this question by entering your answers in the tabs below. Accounting Reg A to D ReqFtoh Equation What is the net cash flow from Investing activities, net cash flow from financing activities, total assets, liabities, and equity for the period? (Enter cash outflows as negative amounts.) g h. Net cash flow from investing activities Net cash flow from financing activities Total assets Total liabilities Total equity