Consider the following information.

1. Service Revenue for the year = $80,000. Of this amount, $70,000 is collected during the year and $10,000 is expected to be collected next year.

2. Salaries Expense for the year = $40,000. Of this amount, $35,000 is paid during the year and $5,000 is expected to be paid next year.

3. Advertising Expense for the year = $10,000. All of this amount is paid during the year.

4 Supplies Expense for the year = $4,000. No supplies were purchased during the year.

5. Utilities Expense for the year = $12,000. Of this amount, $11,000 is paid during the year and $1,000 is expected to be paid next year.

6. Cash collected in advance from customers for services to be provided next year (Unearned Revenue) = $2,000.

Calculate operating cash flows.(List deductible values as negative amounts)

Calculate net income.(List deductible values as negtive amounts)