[The following information applies to the questions displayed below) Suppose your company sells services for $425 cash this month. Your company also pays $250 in salaries and wages. which includes $115 that was payable at the end of the previous month and $135 for salaries and wages of this month. E12-3 Part 1 Required: 1. Prepare the jour tries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entr Required in the first ccount field.) Answer is not complete. No Transaction General Journal Debit Credit Cash 425 Service Revenue 425 Salanes and Wages Expense Salones and Wages Payable Salaries and Wages Payable GOOOO 00 Cah [The following information applies to the questions displayed below.) Suppose your company sells services for $425 cash this month. Your company also pays $250 in salaries and wages. which includes $115 that was payable at the end of the previous month and $135 for salaries and wages of this month. E12-3 Part 2, 3 and 4 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. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 2 Required 3 Bloured 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 290 115 Decrease in Salaries and Wages Payable Net Cash Flow from Operating Activities 405