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Calculator During the month of June, a tax service prepared tax returns for 20 clients at $200 each. By the end of June, the service

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Calculator During the month of June, a tax service prepared tax returns for 20 clients at $200 each. By the end of June, the service had collected from 8 clients. Under accrual accounting, what are the net amounts that impact the financial statements for June? statement of earnings: $1,600; statement of cash flows: $1,600 statement of earnings: $4,000; statement of cash flows: 84,000 statement of earnings: $2,400; statement of cash flows: $2,400 statement of earnings: $4,000; statement of cash flows: $1,600

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