Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in genera under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a cells require input.) The balance of the accounts receivable that would be reported on the December 31 , Year 1 , balance sheet. The amount of net income that would be reported on the Year 1 income statement. The amount of net cash flow from operating activities. that would be reported on the Year 1 statement of cash flows. Fhe amount of retained earnings that would be reported on the Year 1 balance sheet. Exercise 2-1A (Algo) Effect of collecting accounts receivable on the accounting equation and financial statements LO 2-1, 2-3 Holloway Company earned $8,100 of service revenue on account during Year 1 , The company collected $6,885 cash from accounts recelvable during Year 1. Required Based on this information alone, determine the following for Holloway Company. (Hint Record the events in general ledger accounts under an accounting equation before satistying the requirements.) a. The balance of the accounts recelvable that would be reported on the December 31, Year 1, baiance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activilies that would be reported on the Year 1 statement of cash flows. d. The afount of retained earnings that would be reported on the Year 1 balance sheet. Complete this question by entering your answers in the tabs below