in Year 1. Lee Incorporated billed its customers 557200 for services performed. The company collected 540,600 of the amount bitted Lee incurred 536,700 of other operating expenses on account Lee paid $23.700 of the accounts payable Lee acquired $24.000 cash from the issue of common stock. The company invested 518,000 cash in the purchase of land Required Hint identify the six events descobed in the paragraph and record them in general ledger accounts under an accounting equation before attempting to answer the questions. Use the preceding Information to answer the following questions a. What amount of revenue will Lee report on the Year 1 income statement? b. What amount of cash flow from revenue will be reported on the statement of cash flows? c. What is the net income for the period? d. What is the net cash flow from operating activities for the period? What is the amount of net cash flow from investing activities? g. What is the amount of net cash flow from financing activities? h. What amounts of total assets, liabilities and equity will be reported on the year-end balance sheet? Complete this question by entering your answers in the tabs below. Accounting Equation Hea Ato Hint: Identify the six events described in the paragraph and record them in general ledger accounts under an accounting equation before attempting to answer the questions.) Enter any decreases to account balances with a minus sign. Not all cell require entry) LEE INCORPORATEO Felhar n. What amounts of total assets, labies and equity will be reported on the year end balance sheet? Complete this question by entering your answers in the tabs below Accounting tousbon Re At Hint: Identify the six events described in the paragraph and record them in general ledger accounts under an accounting equation before attempting to answer the questions. (Enter any decreased to account balances with a minus sign. Nota cels require entry. LEE INCORPORATED Eest of Events on the General Ledger Accounts Assets Labaines Accounts Cash Accounts Land Receivatid Payable Stockholders' Equity Common Retained Stock Emmings Salonaco 2Coed accounts receivable 1 incurred expense Pald accounts payable 5. leo 6 Pulchase and Total Req Ato H >