Raylan received a $67,000 cash advance payment on June 1, 2016, for consulting services to be performed in the future. Services were to be provided for a one-year term beginning June 1, 2016. Record the June 1 cash receipt in T-accounts and the adjustment required as of December 31, 2016. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) c. Record the preceding transaction and related adjustment in a horizontal statements model. (In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. Do not round intermediate calculations. Round your answers to the nearest dollar amount. Enter any decreases to account balances and cash outflows with a minus sign.) d. Determine the amount of net income on the 2016 income statement. What is the amount of net cash flow from operating activities for 2016? (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) e. What amount of liabilities would Raylan report on the 2016 balance sheet? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)