isted below are several transactions that took place during the first two years of operations for an accounting firm: 17 Required: 18 19 1. Calculate the net operating cash flow for years 1 and 2 . 20 2. Calculate the amount of receivables from clients that the firm would 2 . 1 show in its year 1 and year 2 balance sheets prepared according to the 21 accrual accounting model. 23 3. Prepare an income statement for each year according to the accrual accounting model. 24 Income Statements - Accrual basis 25 Income Statements - Accrual basis Revenues Expenses: Salaries Utilities Insurance Net income (loss)