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Consider the following information: $81,600. Of this amount, $70,800 is collected during the year and $10,800 is expected to be 1 Service Revenue for the

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Consider the following information: $81,600. Of this amount, $70,800 is collected during the year and $10,800 is expected to be 1 Service Revenue for the year - collected next year 2. Salaries Expense for the year $41,600 Of this amount, $35,800 is paid during the year and $5,800 is expected to be paid next year 3. Advertising Expense for the year $10,800. All of this amount is paid during the year 4. Supplies Expense for the year $4,800. No supplies were purchased during the year 5. Utilities Expense for the year $13,600. Of this amount, $11,800 is paid during the year and $1,80 6. Cash collected in advance from customers for services to be provided next year (Deferred Revenue) $ 0 is expected to be paid next year Required: 1. Calculate operating cash flows. (List cash outflows as 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 6.Cash collected in advance from customers Net operating cash flows 2. Calculate net income. (List expenses as negative amounts.) 1. Service Revenue for the year 2. Salaries Expense for the year 3. Advertising Expense for the year 4. Supplies Expense for the year 5 Utilties Expense for the year 6. Deferred revenue Net income

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