Exercise 2-5 Missing information related to accruals LO 2-1, 2-2 Panoramic Inc. had a beginning balance of $3,100 in its Accounts Receivable account The ending balance of Accounts Receivable was $3,400. During the period, Panoramic recognized $39,000 of revenue on account. Panoramic's Salaries Payable account has a beginning balance of $2,300 and an ending balance of $1,400. During the period, the company recognized $33,900 of accrued salaries expense Required a. Based on the information provided, determine the amount of net income. Net income b. Based on the information provide d, determine the amount of net cash flow from operating activities Net cash flow from operating activities