Listed below are several transactions that took place during the first two years of operations for the law firm of Perez Associates. In addition, you learn that the firm incurred utlity costs of $36,000 in year 1 , that there were no liabilities at the end of year 2 , no anticjpoted bad debts on receivables, and that the insurance policy covers a three-year period. Required: 1.8 3. Calculate the net operating cash flow for years 1 and 2 and determine the amount of recelvables from clients that the firm would show in its year 1 and year 2 bolance sheets prepared according to the accrual accounting model. 2. Prepare an income statement for each year according to the accrual accounting model. Complete this question by entering your answers in the tabs below. Caiculate the net operating cash flow for years 1 and 2 and determine the amount of recelvables from cilents that the firm would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model. Note: Net cash outhlows should be indicated by a minus algn. Prepare an incorne statement for each year according to the accrual accounting model