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Holloway Company started operations on January 1, Year 1. During Year 1, Holloway earned 58.400 or service revenue and collected 57,140 cash from accounts receivable.

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Holloway Company started operations on January 1, Year 1. During Year 1, Holloway earned 58.400 or service revenue and collected 57,140 cash from accounts receivable. Required: Based on this information alone, determine the following for Holloway Company. (Hint Record the events in a horizontai finanicial statements model before satislying the requirements. Note: Enter ony decreeses to occount balences with a minus slgn. . The balance of the accounts recelvoble that would be reponted 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 cosh flow from operating activiles that would be reponted on the Year 1 statement of cash fowr: d. The amount of retained eamings that would be reported on the Vear 1 balance theet

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