Suppose your company sells services of $230 in exchange for $135 cash and $95 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). Identify the amount that should be reported as net cash flow from operating activities. ournal entry worksheet t Cash Flow Record the service revenue of $135 for cash and s95 on account Identify the amount that would be included in net income Note: Enter debits t Income 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.) Record entry Net Income Increase in Accounts Receivable Net Cash Flow from Operating Activities Requred 2