Cordell Inc. experienced the following events in Year Wisst year con 1. Received $53,000 cash from the issue of common stock 2. Performed services on account for $75.000 3. Pald a $5,300 cash dividend to the stockholders. 4. Collected $59.000 of the accounts receivable 5. Paid $53,000 cash for other opeting expenses 6. Performed services for $18,000 cash. 7. Recognized $2,300 of accrued tes expense at the end of the year, Required a. & c. Identify the events that result in revenue o expense recognition and we wichea mee.com the Statement of Cash Flows column, use OA to designate operating adininy, FA la financing activity, and Alex activity. (Enter any decreases to account balances with a minus sign. Not all cells in the Statemem Cath Powd may require an input - leave cells blank there is no corresponding inpur,needed) Event Revenue Statement of Cash Flow Expense 1. 4 2 3 4. 5 6. 7. . Determine the amount of net income reported on the Year income statement Net Income d. Determine the amount of cash flow from operating activities reported on the Year 1 statement of cash Hows. Nel cash flow from operating activities e. What is the balance of the retained earnings account that appears on the Year 1 balance sheet? Balance of retained earnings