Suppose your company sells services of $180 in exchange for $110 cash and $70 on account. Required: 1. Prepare the journal entry to record this transaction. 2. Identify the amount that should be reported as net cash flow from operating activities. 3. Identify the amount that would be included in net income. 4. 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. Prepare the journal entry to record this transaction. (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 $110 for cash and $70 on account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Identify the amount that should be reported as net cash flow from operating activities. Complete this question by entering your answers in the tabs below. Identify the amount that would be included in net income. Complete this question by entering your answers in the tabs below. Show how the indirect method would convert net income (requirement 3 ) to net cash flow from operating activities (requirement 2). (Amounts to be deducted should be indicated with a minus sign.)