Clark Bell started a personal financial planning business when he accepted $59.000 cash as advance payment for managing the financial assets of a large estate Bell agreed to manage the estate for a one-year period beginning June 1. Year 1 Required o Show the effects of the advance payment and revenue recognition on the Year financial statements una horizontal statements model given below. In the Cash Flows column use to designate operating activity. IA for investing activity, FA for financing activity NC for net change in cash and NA If the account not afected Do not round Intermediate calculations and round your final answers to nearest whole number. Enter any decreases to account balances and cash outflows with a minus sign.) - CLARK BELL PERSONAL FINANCIAL PLANNING Horizontal Statements Model for Year 1 Liabile Stockholders Equity Income Statement Retained evene e ns Net State of Cash Flow arnings ef b. How much revenue would Bell recognize on the Year 2 income statement? (Do not round intermediate calculations and round your final answer to nearest whole number.) Revenue to be recognized in Yox2 c. What is the amount of cash flow from operating activities in Year 22 Amount of cash flow from operating activities in Year 2