Saved Help Save & Davos Company performed services on account for $60,500 in Year 1. Davos collected $48,400 cash from accounts receivable during Year 1, and the remaining $12,100 was collected in cash during Year 2. Required a. e.& f. Record the Year 1 transactions in T-accounts and close the Year 1 Service Revenue account to the Retained Earnings account. Record the Year 2 cash collection in the appropriate T-accounts b.& 9. Show the Year 1 and Year 2 transactions in a horizontal statements model. c. Determine the amount of revenue Davos would report on the Year 1 income statement. d. Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. h. Assuming no other transactions occur in Year 2, determine the amount of net income and the net cash flow from operating activities for Year 2 Complete this question by entering your answers in the tabs below. Reg A E and F Red Band G Reqc Reg D ReqH Record the Year Assets Cash Accounts Receivable Year 1 Year 1 0 0 0 0 End. Bal Year 2 End. Bal Year 2 16 End. Bal 0 End. Bal Stockholders' Equity Retained Earnings Service Revenue Year 1 Year 1 End. Bal. Year 2 End. Bal. Year 2 0 0 End. Bal End. Bal + ow the Year 1 and Year 2 transactions in a horizontal statements model. (Enter any decreases to account balances with a minus sign. In the Cash Flow erating activity and NC for net change in cash and NA wherever required.) DAVOS COMPANY Effect of Transactions on the Financial Statements for Year 1 and Year 2 Assets Liabilities Stockholders' Equity Revenue Expense - Net Income Statement of Cash No. Accounts Common Retained Cash Flow Receivable Stock Earnings Year 1 1 2 Bal 0 ol 0 0 0 0 0 0 Year 2 3 - 0 . 0 01 0 0+ 0 0 0 Determine the amount of revenue Davos would report on the Year 1 income statement. Revenue for Year 2 mount of net income and the net cash flow from operatin 5 Complete this question by entering your answers in the tabs below. Req AE and F Req Band G Reqc Reg D ReqM Determine the amount of cash flow from operating activities Davos would report on the Year 1 statement of cash flows. Cash flow from operating activities