Required information [The folowing infomation applies to the questions dsplayed below.] Suppose your company seils services of $220 in exchange foc $155 cash and $65 on account Depreciation of $85 relabing to equipment alsa is recorded Required: 1. Prepare the journal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Record the service revenue of $155 for cash and $65 on account. Mate Fntwr debits bulore treats Required information [The following information applies to the questions displayed below.] Suppose your company sells services of $220 in exchange for $155 cash and $65 on account. Depreciation of $85 relating to equipment also is recorded. 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2 ). Complete this question by entering your answers in the tabs below. Calculate the amount that should be reported as net cash flow from operating activities