Davos Company performed services on account for $64,500 in Year 1. Davos collected $51,600 cash from accounts receivable during Year 1, and the remaining $12,900 was collected in cash during Year 2. Required a. e. & f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts. b.& 9. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2. flows. Complete this question by entering your answers in the tabs below. Reg AE and F Reg Band G Regc RegD Regh Record the Year 1 transactions in Taccounts and close the Year 1 Service Revenue account to the Retained Earnings account. 2 cash collection in the appropriate T accounts. (Select "1, 2, or 3" for the transactions in the order they take place. Select " entries.) Assets Cash Accounts Receivable Year! Year 1 Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account 2 cash collection in the appropriate T-accounts. (Select "1, 2, or 3" for the transactions in the order they take place. Select "e entries Assets Cash Accounts Receivable Year 1 Year 1 + 0 0 End. Bal 0 0 End, Bal Year 2 inces Year 2 End. Bal. 0 End, Bal Stockholders' Equity Retained Earnings Service Revenue Year 1 Year 1 End. Bol Year 2 End, Bal Year 2 End. Bal. End. Bal Check my work Reg A E and F Req B and G Regc Reg D ReqH Show the Year 1 and Year 2 transactions in horizontal statements model. (Enter any decreases to account balances with a minus sign. In the Cash F operating activity and NC for net change in cash and NA wherever required.) DAVOS COMPANY Effect of Transactions on the Financial Statements for Year 1 and Year 2 Liabilities Stockholders' Equity Revenue Expense Common Retained Stock Earnings Net Income Assets Accounts Recevable No Cash Statement of Cash Flow Your ances 1 + 0 0 0- 0+ 0 9 0 2 Bal Year 2 3 Bal 0 0 0 0 0 0 0