[The following information applies to the questions displayed below) Suppose your company sells services of $200 in exchange for $145 cash and $55 on account. Depreciation of $75 relating to equipment is also recorded. value: 0.85 points Required: 1. Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service revenue of $145 for cash and $55 on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. Net Income 4. 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.) Net Income Depreciation Increase in Accounts Receivable Net Cash Flow from Operating Activities $ 0