Consider the following information: 1. Service Revenue for the year =$82,400. Of this amount, $71,200 is collected during the year and $11,200 is expected to be collected next year. 2. Salaries Expense for the year =$42,400. Of this amount, $36,200 is paid during the year and $6,200 is expected to be paid next year. 3. Advertising Expense for the year =$11,200. All of this amount is paid during the year. 4. Supplies Expense for the year =$5,200. No supplies were purchased during the year. 5. Utilities Expense for the year =$14,400. Of this amount, $12,200 is paid during the year and $2,200 is expected to be paid next year. 6. Cash collected in advance from customers for services to be provided next year (Unearned Revenue) =$3,200. Required: 1. Calculate operating cash flows. 2. Calculate net income. Complete this question by entering your answers in the tabs below. Calculate operating cash flows. (List cash outfows as negative amounts.) Consider the following information: 1. Service Revenue for the year =$82,400. Of this amount, $71,200 is collected during the year and $11,200 is expected to be collected next year. 2. Salaries Expense for the year =$42,400. Of this amount, $36,200 is paid during the year and $6,200 is expected to be paid next year. 3. Advertising Expense for the year =$11,200. All of this amount is paid during the year. 4. Supplies Expense for the year =$5,200. No supplies were purchased during the year. 5. Utilities Expense for the year =$14,400. Of this amount, $12,200 is paid during the year and $2,200 is expected to be paid next year. 6. Cash collected in advance from customers for services to be provided next year (Unearned Revenue) =$3,200. Required: 1. Calculate operating cash flows. 2. Calculate net income. Complete this question by entering your answers in the tabs below. Calculate net income. (Ust expenses as negative amounts.)