Question 2 (of 5) value: 10.00 points 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 $174,000 $224,000 Amounts billed to customers for services rendered 158,000 188,000 Cash collected from customers Cash disbursements: Salaries paid to employees for services rendered during the year 88,000 98,000 29,000 38,000 Utilities 59,400 Purchase of insurance policy addition, you learn that the company incurred utility costs of$34,000 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. Required: years 1 and 2. (Net cash outflows should be indicated by a 1. calculate the net operating cash flow for minus sign.) Year 2 Year 1 (18,400) 52,000 Natoneratinn nanh flamy Question 2 (of 5) value: 10.00 points 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 $174,000 $224,000 Amounts billed to customers for services rendered 158,000 188,000 Cash collected from customers Cash disbursements: Salaries paid to employees for services rendered during the year 88,000 98,000 29,000 38,000 Utilities 59,400 Purchase of insurance policy addition, you learn that the company incurred utility costs of$34,000 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. Required: years 1 and 2. (Net cash outflows should be indicated by a 1. calculate the net operating cash flow for minus sign.) Year 2 Year 1 (18,400) 52,000 Natoneratinn nanh flamy