sceount balneses end eash outflows with o minus sign. Not all cells require entry Exercise 2-12A (Static) Supplies and the financial statements model LO 2-5 Pirza Express Incorporated began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during Year 2 . 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12.300 of cash revenve. 3. Paid $2,700 cast on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplier was still on hand on December 31. Year 2. Required o. Show the effects of the events on the financial statements using a horzontal statements modeL In the Cash Flow column, use OA to designate operating activity. IA for investing activity. FA for financing actlvity, and NC for net change in casti if the element is not affected by the event leave the cell blank. The begining balances are entered in the following example. (Enter any decreases to account bolances ond cash outflows with o minus sign. Not all cells require entry.) Exercise 2-1A (Static) Effect of collecting accounts receivable on the accounting equation and financial statements LO 2-1, 2-3 Holloway Company earned $18,000 of service revenue on account during Year 1 . The company collected $14,000 cash from accounts receivable during Year 1 . Required Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements:) o. The batance of the accounts receivable that would be reported on the December 31 , Year 1 , balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activitles that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet. Complete this question by entering your answers in the tabs below. The balance of the accounts receivable that would be reported on the December 31 , Year 1 , balance sheet. The amount of net income that would be riported on the Year 1 income statement. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. The amount of retained earnings that would be reported on the Year 1 balance sheet. Complete this question by entering your answers in the tabs below. Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts und accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign. Not all cells require