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Holloway Company earned $18,000 of service revenue on account during Year 1. The company collected $14,000 cash from accounts receivable during Year 1 Required Based

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Holloway Company earned $18,000 of service revenue on account during Year 1. The company collected $14,000 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. Accounting Reg A to D Equation Based on this information alone, determine the following for Holloway Company. (Not all cells require input. Enter any decreases to account balances with a minus sign) . HOLLOWAY COMPANY Effect of Events on the Year 1 Accounting Equation Assets Liabilities Event Accounts Receivable Earned revenue Cotected accounts receivable Ending balance Cash Stockholders' Equity Common Retained Stock Earnings

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