Clark Bell started a personal financial planning business when he accepted $58,000 cash as advance financial assets of a large estate. Bell agreed to manage the estate for a one-year period begi payment for managing the nning June 1, Year 1 Required a. Show the effects of the advance paym model given below. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA if the account is not affected. (Do not round intermediate calculations your final answers to nearest whole number. Enter any decreases to ent and revenue recognition on the Year 1 financial statements using a horizontal statement account balances and cash outflows with a minus sign.) K BELL PERSONAL FINANCIAL PLANNING Balance Sheet Assets Liablitices Stockholders Event Flows Unearned 2. Revenue earned b. How much revenue would Bell recognize on the Ye vour final answer to nearest whole numher ar 2 income statement? (Do not round intermediate calculations and round 01= 2. How much revenue would Bell recognize on the Year 2 income statement? (Do not round intermediate calculations and round our final answer to nearest whole number.) to be re d in Year 2 What is the amount of cash flow from operating activities in Year 2?