Required: (Hint: Identify the six events described in the paragraph and record them in accounts under an accounting equation before attempting to answer the questions.) Use the preceding information to answer the following questions: a. What amount of revenue will Lee report on the Year 1 income statement? b. What amount of cash flow from revenue will be reported 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? 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 stockholders' equity will be reported on the year-end balance sheet? Complete this question by entering your answers in the tabs below. Accounting Equation Req A to H Check my work (Hint: Identify the six events described in the paragraph and record them in accounts under an accounting equation before attempting to answer the questions.) Note: Enter any decreases to account balances with a minus sign. LEE INCORPORATED Effect of Events on the Accounts under Accounting Equation Event 1. Sales on account 2. Collected accounts receivable 3. Incurred expense 4. Paid accounts payable Cash Assets Accounts Receivable Liabilities Stockholders' Equity Land Accounts Payable Common Stock Retained Earnings + . + . + . . 5. Issue of stock + . 6. Purchase land . Totain 0+ 0+ 0+ 0 0