Company Z was engaged by a large client in May Year 1. The parties contracted for monthly consulting services valued at $20,000 starting on September 1, Year 1. [This contract provides for monthly services through December 31, Year 2.] In Year 1, the client had paid for 80% of the services it had received from Company Z in that year. $_________ Consulting Revenue in Year 1 $_________ Consulting AR at Dec.31, Year 1 [if any] If none, so state $_________ Consulting Unearned Revenue at Dec. 31, Year 1 [if any] If none, so state

In Year 2, Company Z provided the consulting services for the large client as described above. Moreover, by the end of Year 2 the large client had paid Company Z for all services received under the terms of this 16-month contract. Later in Year 2, a smaller client engaged Company Z to perform $8,000 in monthly consulting services starting on July 1, Year 2. Company Z signed a two-year contract with this smaller client. In Year 2, this smaller client paid $60,000 to Company Z and Company Z provided services to the smaller client as required by the terms of the contract. $_________ Consulting Revenue* in Year 2 $_________ Consulting AR* at Dec. 31, Year 2 [if any] If none, so state $_________ Consulting Un Rev* at Dec. 31, Year 2 [if any] If none, so state $_________ Cash received by Company Z in Year 2*. *These answers are for both clients combined.