On December 31, Year 1, BIG Company had accrued solaries of $10,550. Required a. Record in general Journal format the adjustment required as of December 31, Year 1. b. Show the above adjustment in a horizontal statements model c-1. Determine the amount of net income BIG would report on the Year 1 income statement, assuming that BIG received $25,400 of cash revenue c-2. What is the amount of net cash flow from operating activities for Year 1? d. What amount of salaries payable would BIG report on the December 31, Year 1, balance sheet? Journal entry worksheet 1 > Record the adjusting entry for salaries payable. Note: Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general journal Req A Reg B Reg C and D Show the above adjustment in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input.) BIG COMPANY Horizontal Statements Model for Year 1 Balance Sheet Stockholders' Income Statement Liabilities Equity Salaries Retained Payable Earnings Revenue - Expenses Net Income Statement of Cash Flows Event Assets 1. & Rega ReqC and D > Req A Reg B Reg C and D c-1. Determine the amount of net income BIG would report on the Year 1 Income statement, assuming that BIG received $25,400 of cash revenue. c-2. What is the amount of net cash flow from operating activities for Year 1? d. What amount of salaries payable would BIG report on the December 31, Year 1, balance sheet? Amount 0-1 0-2 Net income Net cash flow from operating activities Salarios payable d