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E2-6 Cordell Inc. experienced the following events in 2018. its first year of operation 1. Received $40.000 cash from the issue of common stock 2. Performed services on account for $82.000 3. Paid a $6.000 cash dividend to the stockholders. 4. Collected $76,000 of the accounts receivable. 5. Paid $53.000 cash for other operating expenses. 6. Performed services for $19.000 cash. 7. Recognized $3.500 of accrued utilities expense at the end of the year. Required: a. Identify the events that result in revenue or expense recognition. C. Identify the events that affect the statement of cash flows, indicating in which section of the statement they should appear Event Revenue Expense Statement of Cash flows b. Based on your response to Requiremento determine the amount of net income reported on the 2018 income statement Computation of net income: d. Based on your response to Requirement cu determine the amount of cash flow from operating activities reported on the 2018 statement of cash flows. Cash flow from operating activities: e. What is the before and after-closing balance in the Service Revenue account? What other accounts would be closed at the end of the accounting cycle? f. What is the balance of the Retained Earnings account that appears on the 2018 balance sheet E2-9 Tara Professionals Inc. experienced the following events in 2018. its first year of operation 1. Performed services for $35.000 cash. 2. Purchased $6.000 of supplies on account 3. A physical count on December 31, 2018, found that there was $1.800 of supplies on hand. Based on this information alone: a. Record the events under an accounting equation Event 1 Liabilities Acct. Titles for RE Assets Cash Supplies Stockholders' Equity Retained Earnings Accounts Payable Accounts 1. Provide service 2. Purchased supplies 3. Used supplies Balance 12/31/2018 b. Prepare an income statement, balance sheet, and statement of cash flows for the 2018 accounting period. Yard Professionals, Inc. Income Statement For the Year Ended December 31, 2018 Yard Professionals, Inc. Balance Sheet As of December 31, 2018 Yard Professionals, Inc. Statement of Cash Flows For the Year Ending December 31, 2018 c. What is the balance in the Supplies account as of January 1, 2019 d. What is the balance in the Supplies Expense account as of January 1, 20192