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Consider the following information: 1. Service Revenue for the year - $83.200. Or this amount. 571,600 is collected during the year and $11,600 is expected

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Consider the following information: 1. Service Revenue for the year - $83.200. Or this amount. 571,600 is collected during the year and $11,600 is expected to be 2. Salaries Expense for the year = $43.200. Of this amount, $36,600 is paid during the year and $6,600 is expected to be paid next 3. Advertising Expense for the year - $11.600. All of this amount is paid during the year 5. Utilities Expense for the year - 515.200. Of this amount, 512,600 is paid during the year and $2,600 is expected to be paid next 6. Cash collected in advance from customers for services to be provided next year (Deferred Revenue) $3,500. year Required: 1. Calculate operating cash flows. (List cash outflowe os negative amounts.) 1. Cash collected from customers for services provided 2 Salaries paid for the year 3 Advertising paid for the year 4. Supplies paid for the year 5. Utilities paid for the year 0 Cash colected in advance from customers Net operating cashows 2. Calculate net income. (List expenses as negative amounts.) Service Revenue for the year 2 Sales Expense for the year 3 Advertising Expense for the year 4. Supplies Expense for the year Uits Expense for the yex Deferred revenue Net income

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