During 2018, Chung Corporation earned $4,800 of cash revenue and accrued $2,500 of salaries expense. Required Based on this information alone: (Hint. Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) a. Prepare the December 31, 2018, balance sheet. b. Determine the amount of net income that Chung would report on the 2018 income statement c. Determine the amount of net cash flow from operating activities that Chung would report on the 2018 statement of cash flows. Complete this question by entering your answers in the tabs below. Accounting Equation Req A Reg B and C Based on this information alone: (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.) CHUNG CORPORATION Accounting Equation - 2018 Assets Liabilities Stockholders' Equity Event Cash Salaries Common Retained Payable Stock Earnings Earned revenue Accrued salaries Ending balance 0 = 0 + 0 + 0 Accounting Equation Req A > below: Accounting Equation Req A Req B and C Prepare the December 31, 2018, balance sheet. CHUNG CORPORATION Balance Sheet As of December 31, 2018 Assets Total assets $ 0 Liabilities $ 0 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 0 $