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3. & b. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31 Year 1 c. Show the preceding transaction and related adjustment in a horizontal statements model d. Determine the amount of net income on the Year 1 income statement. What is the amount of net cash flow from operating activities for Year 12 e. What amount of liabilities would Raylan report on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. Reg A and B Reac Reg D Reg E Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, Year 1. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Cash Unearned Revenue Beg. Bal Bep. Bol End. Bal End. Bal Service Revenue Beg Bal End Bal Regc > Reg A and B Reqc Reg D Req E Show the preceding transaction and related adjustment in a horizontal statements model. (In the Statement of Cash Flows column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC for net change in cash. Not all cells in the "Statement of Cash Flows" column may require an input- leave cells blank if there is no corresponding input needed. Do not round intermediate calculations. Round your answers to the nearest dollar amount. Enter any decreases to account balances and cash outflows with a minus sign.) Show less RAYLAN COMPANY Effect of Transactions on Financial Statements Balance Sheet Income Statement - Expenses Statement of Cash Flows Date Assets Liabilities Stockholders Revenue Net Income 12/31 Balance0 = 0+ 0 0 - 0-00 Req A and B Reg C Reg D Reg E Determine the amount of net income on the Year 1 income statement. What is the amount of net cash flow from operating activities for Year 1? (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) S 0 Revenue Expenses Net income Cash flows from operating activities: Cash received from revenue Net cash flow from operating activities Reg A and B Reg C Reg D ReqE What amount of liabilities would Raylan report on the Year 1 balance sheet? (Do not round intermediate calculations. Rou your final answer to the nearest dollar amount.) Unearned revenue