Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, or IA for investing activity. If the element is not affected by the event, leave the cell blank. (Enter cash outflows with a minus sign. Not all cells require input.) Complete this question by entering your answers in the tabs below. Based on your response to Requirement a and c, determine the amount of net income, cash flow from operating activities, before- and after-closing balance in the service revenue account and balance of the Retained Earnings account reported on the Year 1. Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, or IA for investing activity. If the element is not affected by the event, leave the cell blank. (Enter cash outflows with a minus sign. Not all cells require input.) Complete this question by entering your answers in the tabs below. Based on your response to Requirement a and c, determine the amount of net income, cash flow from operating activities, before- and after-closing balance in the service revenue account and balance of the Retained Earnings account reported on the Year 1