3 of 3 Required information Exercise 13-10A (Algo) Recording supplies and identifying their effect on financial statements LO 13-1. 13-3, 13-4 [The following information applies to the questions displayed below.) Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $20,500 of services on account , and (2) he purchased $5,200 of supplies on account. There were $850 of supplies on hand as of December 31, Year 1. -Book Print Exercise 13-10A (Algo) Part d d. Explain why the amounts of net income and net cash flow from operating activities differ, Net Income is Not Cash Flow from Operating Activities is of revenue was cared on account, but none was collected of supplies were used, but none were paid for