please and a and b!

Exercise 5-14A (Algo) Effect of credit card sales on financial statements LO 5.5 Ultra Day Spa provided $87,450 of services duning Year 1. All customers paid for the services with credit cards. Ultra submitted the credit card recelpts to the credit card company immediately. The credit card company paid Uitra cash in the amount of face value less a 2 percent service charge. Required a. Recard the credit card sales and the subsequent collection of accounts receivabie in a horizontal statements model. in the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (A), or financing activiy (FA). b. Based on this infermation alone, answer the following questions: (1) What is the amount of total assets at the end of the accounting period? (2) What is the amount of revenue reported on the income statement? (3) What is the amount of cash flow from operating activities reported on the statement of cash flows? Answer is net complete. Complete this question by entering your answers in the tabs below. Record the credit card wales and the subsequent collection of accounts recelvable in a horizontal statements medel. In the Sugemens of Caun flows column, indicate wheth the item is an operating activity (OA), investing activity (LA), or financing octivity (FA). Note: Enter any decreases to account balances and cash outhows with a minus sign. Leave cells blank if no input is needed. Complete this question by entering your answers in the tabs below. Record the credit card sales and the subsequent collection of accounts receivable in a horizontal statements model, in the Statement of Cash flows column, indicate w the item is an operating activity (OA), investing activity (H), or financing activity (FA). Note: Enter any decreases to account balances and eash cutflows with a minus sign. Leave cells blank if no input is needed