Holloway Company earned $$4,900$ of service revenue on account during Year $1.$ The company collected $$4,165$ cash from accounts receivable during Year $1.$ RequiredBased on this information alone, determine the following for Holloway Company. $($Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.$)$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.