During Year 1, Chung Corporation earned $7,100 of cash revenue and accrued $4,400 of salaries expense. Required Based on this information alone: a. Prepare the December 31, Year 1, balonce sheet. b. Determine the amount of net income that Chung would report on the Year 1 income statement. c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows Complete this question by entering your answers in the tabs below. Bosed on this information alone: (Not all cells require input. Enter any decreoses to account balances with a minus sign.) During Year 1, Chung Corporation eamed $7,100 of cash revenue and accrued $4,400 of salaries expense. Required Based on this information alone: a. Prepare the December 31, Year 1 , balance sheet. b. Determine the amount of net income that Chung would report on the Year 1 income statement. c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Prepare the December 31 , Year 1 , balance sheet. During Year 1 , Chung Corporation earned $7,100 of cash revenue and accrued $4,400 of salaries expense: Required Based on this information alone: a. Prepare the December 31 , Yeor 1 , balance sheet. b. Determine the amount of net income that Chung would report on the Year 1 income statement. c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. 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