Helen Parish started a design company on January 1, Year 1. On April 1, Year 1, Parish borrowed cash from a local bank by issuing a one-year $58,600 face value note with annual interest based on an 12 percent discount. During Year 1, Parish provided services for $35,650 cash. Required Record the events in an accounting equation prior to answering the questions. a. What is the amount of total liabilities on the December 31, Year 1, balance sheet? b. What is the amount of net income on the Year 1 income statement? c. What is the amount of cash flow from operating activities on the Year 1 statement of cash flows? Complete this question by entering your answers in the tabs below. Accounting Equation Required A Required B Required C Record the events in an accounting equation prior to answering the questions. (In the Statement of Cash Flows column, use the initials "OA" for operating activities, "FA" for financing activities, "IA" for investing activities, 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. Enter any decreases to account balances with a minus sign.) Show less Balance Sheet Income Statement Expenses - Net Income Statement of Cash Flows Event Assets Liabilities + Equity Revenue Cash Discount on Notes Payable 01 + Retained Earnings 0 1 of 1. 0 = 0 0 Notes Payable 01 = 0 0=1 01 - 0 = 01 - 0 = 01- FA 2. 01 + 0= 0 0 01-1 01- 01-1 01- 0+ 0 0 = 0 0 3. Total 0 + 0 0 = 0 0 NC Accounting Equation Required A Required B Required C What is the amount of total liabilities on the December 31, Year 1, balance sheet? (Round your answer to nearest dollar amount.) Total liabilities Accounting Equation Required A Required B Required C. What is the amount of net income on the Year 1 income statement? (Round your intermediate calculations and final answer to nearest dollar amount.) Net income Accounting Equation Required A Required B Required C What is the amount of cash flow from operating activities on the Year 1 statement of cash flows? Cash flow from operating activities