5. During 2019, Donovan Company provided services to account customers totaling $900,000. Donovan collected $950,000 from account customers in 2019. In 2019, Donovan received a $36,000 utility bill for utility costs incurred in 2019. Payments to the utility company totaled $30,000 in 2019. On October 1, 2019, Donovan paid $42,000 for a 12 month insurance policy (running 10/1/19 through 9/30/20). What would Donovan report as Net Operating Cash Flow for 2019? Net Operating Cash Flow 6. Hammond Company began operations in 2018. During 2019 and 2020, the following transactions occurred for the Hammond Company: 2019 2020 Amounts billed to customers for services rendered $480,000 $610,000 Cash collected from credit customers $370,000 $540,000 Cash payments to employees for salaries $275,000 $300,000 Cash paid for advertising $90,000 $100,000 Cash paid for rent (for a rent contract running Jan. 1, 2019 through Dec. 31, 2020) $156,000 -0- Additional information: The Hammond Company began 2019 with a balance due to employees of $45,000 and a balance due to their advertising company of $38,000. During 2019, Hammond's employees earned salaries of $250,000 and Hammond incurred $87,000 in advertising costs. Hammond has no anticipated bad debts on receivables in any year. At the end of 2020, Hammond had no balance in any liability account. What is Hammond's net income (under the accrual accounting model) in 2019 and 2020? (You must show your calculations.) Net Income 2019 2020