Gomez Company collected $23,700 on September 1, Year 1 from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1? How much would it report as cash flows from operating activities for Year 1? Multiple Choice Revenue of $7,900, Cash flow from operating activities of $23,700 Revenue of $23.700, Cash flow from operating activities of $23.700 Revenue of 50, Cash flow from operating activities of $23.700 Revenue of $7.900 Cass Bow front operating activities of $7.900 Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $9,600 of common stock to stockholders . Provided $5,900 of services on account Paid $2.500 cash for operating expenses Collected $3,700 of cash from accounts receivable Paid a $280 cash dividend to stockholders What is the of net cash flow from operating activities shown on the Year 1 statement of cash flows? Multiple Choice O $3,120 $1,200 $3.400 $920 Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $6,200 of common stock to stockholders Provided $2,500 of services on account Paid $1,650 cash for operating expenses .Collected $2,000 of cash from accounts receivable Paid a $110 cash dividend to stockholders What is the net income that will be reported for Year 1? Multiple Choice $610 $500 $740 $850