Question 21 2 pts Cheryl Corporation's Income Statement reported Total Revenues of $850,000 and Total Expenses (including $40,000 Depreciation Expense) of $720,000. The Balance Sheet reported the following: Accounts Receivable--Beginning Balance $50,000 and Ending Balance $60,000: Accounts Payable- Beginning Balance $22.000 and Ending Balance $28,000. The Net Cash Flows from Operating Activities for Cheryl Corporation for the current year is: $166,000 $174,000 $186,000 $126.000 Question 22 2 pts Adjusting Entries Often include the Cash account. Always involve at least one (1) Income Statement account and one 1) Balance Sheet account. Usually are recorded at the beginning of the Accounting Period Adjust the balance of Revenue and Experise accounts to zero (S-O MacBook Air c ra DO DII FA P FO 6 & 7 00. 8 9 ) 0 Y U I 0