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Required .. Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model like the one shown next in the Statement of Cash Flows column, Indicate whether the item is an operating activity (OA). Investing activity (LA), or financing activity (FA). Use NA to indicate that an element is not affected by the event. (Enter any decreases to account balances with a minus sign. Round your answers to nearest whole dollar.) Balance Sheet Assets Llab. Acct. Rec. ULTRA DAY SPA Horizontal Statements Model Income Statement Equity Rel. Ear. Revenue - Expense - Net Income Event Cash Statement of Cash Flows b. Based on this information alone, answer the following questions: (1) What is the amount of total assets at the end of the accounting period? (2) What is the amount of revenue reported on the income statement? (3) What is the amount of cash flow from operating activities reported on the statement of cash flows? (Round your answers to nearest whole dollar.) (1) Total assets (2) Revenue recognized (3) Cash flow from operating activities HOOD Ultra Day Spa provided $91150 of services during Year 1. All customers paid for the services with credit cards Ultra submitted the credit card receipts to the credit card company Immediately. The credit card company paid Ultra cash in the amount of face value less a 3 percent service charge. points Required a. Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2)in a horizontal statements model like the one shown next In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA). Invesung activity (LA), or financing activity (FA) Use NA to indicate that an element is not affected by the event. (Enter any decreases to account balances with a minus sign. Round your answers to nearest whole dollar) ULTRA DAY SPA Horizontal Statements Model Income Statement Equity Rel. Eat. Revenue Expense Net Income 91,150 - 91.150 = (3.735) (2.735) Event Balance Sheet Assets Liab. Cash Acct. Rec. 91,150 EP 8 8,416 (91,150) EL Statement of Cash Flows 91.150| OA (2,735) OA 2 References b. Based on this information alone, answer the following questions (1) What is the amount of total assets at the end of the accounting period? (2) What is the amount of revenue reported on the income statement? (3) What is the amount of cash flow from operating activities reported on the statement of cash flows? (Round your answers to nearest whole dollar.) $ 88.416 (1) Total assets (2) Revenue recognized O) Cash flow from operating activities S $ 91,150 88.416 Score answer >