Holloway Company earned $8,100 of service revenue on account during Year 1. The company collected $6,885 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 ok Accounting Equation Reg A to D Based on this information alone, determine the following for Holloway Company. (Not all cells require input. Enter any account balances with a minus sign.) HOLLOWAY COMPANY Effect of Events on the Year 1 Accounting Equation Assets Liabilities Stockholders' Equity Common Accounts Retained Event Cash Receivable Stock Earnings Eamed revenue Collected accounts receivable Ending balance = + nices + + + ### Accounting Equitton Req A to D > Accounting Equation Req A to D The balance of the accounts receivable that would be reported on the Lec income that would be reported on the Year 1 income statement. The amo would be reported on the Year 1 statement of cash flows. The amount of 1 balance sheet. ces a. Accounts receivable b. Net income c. Net cash flow from operating activities d. Retained earnings