Format it the way it's displayed in the images - Please insure the formatting isn't confusing in the final post - some tables are incorrectly made and hard to understand where the numbers are supposed to be placed, please show me where the numbers are coming from and how you came to the solution.

Exercise 2-1A (Algo) Effect of collecting accounts receivable on the accounting equation and financial statements LO 2-1 Holloway Company earned $7,000 of service revenue on account during Year 1 . The company collected $5,950 cash from accounts receivable during Year 1. Required Based on this information alone, determine the following for Holloway Company. a. The balance of the accounts receivable that would be reported on the December 31 , Year 1 , balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet. Complete this question by entering your answers in the tabs below. Based on this information alone, determine the following for Holloway Company. (Not all cells require input. Enter any de account balances with a minus sign.) The balance of the accounts receivable that would be reported on the December 31 , Year 1 , balance sheet. The amount of income that would be reported on the Year 1 income statement. The amount of net cash flow from operating activities tha would be reported on the Year 1 statement of cash flows. The amount of retained earnings that would be reported on the 1 balance sheet