Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, and Roy. Year 1 Year 2 Amounts billed to clients for services rendered $ 180,000 $ 230,000 Cash collected from clients 165,000 195,000 Cash disbursements Salaries paid to employees for services rendered during the year 95,000 105,000 Utilities 32,500 45,000 Purchase of insurance policy 61,500