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	$	182,000		$	240,000
Cash collected from clients		150,000			180,000
Cash disbursements
Salaries paid to employees for services rendered during the year		80,000			90,000
Utilities		25,000			30,000
Purchase of insurance policy		57,000			0

In addition, you learn that the company incurred utility costs of $30,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.

Calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model. (Net cash outflows should be indicated by a minus sign.)

		Year 1	Year 2
1.	Net operating cash flow
3.	Receivables