$($Hint: Identify the sIx events described in the paragraph and record them In accounts under an accounting equation betore attempting

to answer the questions.$)$ Use the preceding Information to answer the following questions:

a$.$ What amount of revenue will Lee report on the Year $1$ Income statement?

b$.$ What amount of cash flow from revenue will be reported on the statement of cash flows?

c$.$ What is the net Income for the perlod?

d$.$ What is the net cash flow from operating activities for the period?

f$.$ What is the amount of net cash flow from Investing actlvities?

g$.$ What is the amount of net cash flow from financing activities?

h$.$ What amounts of total assets, llabilities, and stockholders' equity will be reported on the year$-$end balance sheet?

Complete this question by entering your answers in the tabs below.

Use the preceding information to answer the following questions:

a$.$ What amount of revenue will Lee report on the Year $1$ income statement?

b$.$ What amount of cash flow from revenue will be reported on the statement of cash flows?

c$.$ What is the net income for the period?

d$.$ What is the net cash flow from operating activities for the period?

Note: Enter cash outflows as negative amounts.

f$.$ What is the amount of net cash flow from investing activities?

Note: Enter cash outflows as negative amounts.

$g.$ What is the amount of net cash flow from financing activities?

Note: Enter cash outflows as negative amounts.

h$.$ What amounts of total assets, liabilities, and stockholders' equity will be reported on the year$-$end balance sheet?