Saved Help Save & Exit Submit 1 During Year 1, Chung Corporation earned $5,200 of cash revenue and accrued $3,700 of salaries expense. Required Based on this information alone: a. Prepare the December 31, Year 1, balance sheet b. Determine the amount of net income that Chung would report on the Year 1 income statement c. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows. 0 oints eBook Print Complete this question by entering your answers in the tabs below. References Accounting Equation Reg A Req B and Based on this information alone: (Not all cells require input. Enter any decreases to account balances with a minus sign.) CHUNG CORPORATION Accounting Equation - Year 1 Assets Liabilities Stockholders' Equity Salarios Common Retained Cash Payable Stock Earnings + Event Earned revenue Accrued salaries flows. 1 Complete this question by entering your answers in the tabs below. 10 points Accounting Equation Reg A Reg B and C Based on this information alone: (Not all cells require input. Enter any decreases to account balances with a minus sign eBook Print References CHUNG CORPORATION Accounting Equation - Year 1 Assets Liabilities Stockholders' Equity Salaries Cash Common Retained Payable Stock Earnings Event + Earned revenue Accrued salaries Ending balance + Accounting Equation ReqA > Saved Accounting Equation Req A Req B and C 1 Prepare the December 31, Year 1, balance sheet. CHUNG CORPORATION Balance Sheet As of December 31, Year 1 ats Assets eBook Print Total assets eferences Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Help Save & Exit Subr Saved a. Prepare ine December 31, Year I, Dalance sneeu b. Determine the amount of netjncome that Chung would report on the Year 1 income statement. c. Determine the amount of nettcash flow from operating activities that Chung would report on the Year 1 statement of cash flows. 1 Complete this question by entering your answers in the tabs below. ts Accounting Equation Reg A Reg B and C eBook Print Determine the amount of net income that Chung would report on the Year 1 income statement. Determine the amount of net cash flow from operating activities that Chung would report on the Year 1 statement of cash flows. ferences b. Net income c. Net cash flow from operating activities