Simpson Company had the following balances in its accounting records as of December 31 Yeart Assets Cach Accounts Receivable Land Total 540,000 9.000 51,eee $100.000 Kesan Sely Accounts Payable Cono sto Related as TUDI $ 215e 49. 4759 S.000 The following accounting events apply to Simpson company's Year 2 fiscal year Jan Acquired $20,000 cash from the cock Feb 1 Paid $6.000 cash in avance for a oneyasane e Of Space Mar 1 Paid a $2,000 casi dividend tas Apr 1 Purchased additional land that cost $15.00 h May 1 Made a cashy payment on accounts payable Ass, see July 1 Received 59. Gee advancemetines service te bepertored onth over the coming year Sept. 1 Sold land for $30.000 casa dos 30.000 Oct. 1 Purchased $2.500 ot Suportes on account Dec 31 tarved $58.000 of service venue on count during the year 31 Received cash collections accounts receivable La 346.000 31 Incurred other operating expenses on account during the mounted to $200 31 Recognized accrued diaries expense of $6,500 31 Had $50 of Supplies on band at the end of the period 31 The Land purchased on April Market value of $20,000, Required Based on the preceding Information, answer the following questions for Simpson Company. All questions pertain to the Year 2 financial statements. Enter items in accounts under the accounting equation before answering the questions. a. What amount would Simpson report for land on the balance sheet? b. What amount of net cash flow from operating activities would be reported on the statement of cash flows c. What amount of rent expense would be reported on the Income statement d. What amount of total liabilities would be reported on the balance sheets e. What amount of Gupplies expense would be reported on the income statement f. What amount of uneared revenue would be reported on the balance sheet? 9. What amount of net cash flow from Investing activities would be reported on the statement of cash flows h. What amount of total expenses would be reported on the income statement What amount of service revenue would be reported on the Income statement J. What amount of cash tiows from financing activities would be reported on the statement of cash flow? k What amount of net income would be reported on the income statement? 1. What amount of retained earnings would be reported on the balance sheet