During Year 1, Chung Corporation earned $5,400 of cash revenue and accrued $3,600 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.) Prepare the December 31, Year 1, balance sheet. Determine the amount of net income that Chung would report on the Year 1 income statement. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows