Problem 2-1 1 In 2018, NYM Co. acquired 2 NYM Co. invested 3 NYM Co. billed 4 NYM Co. collected 5 NYM Co. incurred 6 NYM Co. paid $385,000 cash from the issue of common stock. $301,000 cash in the purchase of land. $490,000 to its customers for services performed. $189,000 of the amount billed. $112,000 of operating expenses on account. $70,000 of the accounts payable. REQUIRED Use the preceding information to answer the following questions. (Hint:Identify the six events described in the paragraph and record them in a horizontal statements model before attempting to answer the questions.) a. What amount of revenue will NYM Co. report on the 2018 income statement? b. What amount of cash flow from revenue will NYM Co. report on the statement of cash flows? c. What is the net income for the period? d. What is the net cash flow from operating activities for the period? e. Why is the amount of net income different from the net cash flow from operating activities for the period? f. What is the amount of net cash flow from investing activities? g. What is the amount of net cash flow from financing activities? h. What amounts of total assets, liabilities, and equity will NYM Co. report on the year-end balance sheet