question 4 :

Valmont Inc. experienced the following events in 2014, its first year of operation:

1.

Received $46,000 cash from the issue of common stock.

2.

Performed services on account for $74,000.

3.

Paid a $4,600 cash dividend to the stockholders.

4.

Collected $52,000 of the accounts receivable.

5.

Paid $46,000 cash for other operating expenses.

6.

Performed services for $15,000 cash.

7.

Recognized $1,600 of accrued utilities expense at the end of the year.

(

determine the amount of cash flow from operating activities reported on the 2014 statement of cash flows?

What is the before- and after-closing balance in the service revenue account?

What is the balance of the retained earnings account that appears on the 2014 balance sheet?