The trial balance of Pacilio Security Services, Incorporated as of January 1, Year 3, had the following normal balances: During Year 3, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 2. 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free. 3. Performed $32,000 of security services for numerous local events during the year; $21,000 was on account and $11,000 was for cash. 4. On May 1, paid $3,000 for 12 months' rent in advance. 5. Purchased supplies on account for $700. 6. Paid salaries expense for the year of $9,000 7. Incurred other operating expenses on account, $4,200. 8. On October 1, Year 3, a customer paid $1,200 for services to be provided over the next 12 months. 9. Collected $19,000 of accounts recelvable during the year. 10. Paid $5,950 on accounts payable. 11. Paid $1,800 of advertising expenses for the year. During Year 3, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 2. 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free. 3. Performed $32,000 of security services for numerous local events during the year, $21,000 was on account and $11,000 was for cash. 4. On May 1, paid $3,000 for 12 month' rent in advance. 5. Purchased supplies on account for $700. 6. Pald salaries expense for the year of $9,000 7. Incurred other operating expenses on account, $4,200 8. On October 1 , Year 3 , a customer paid $1,200 for services to be provided over the next 12 months. 9. Collected $19,000 of accounts recelvable during the year. 10. Paid $5,950 on accounts payable. 11. Paid $1,800 of advertising expenses for the year. 12. Paid a cash dividend to the shareholders of $4,650 13. The market value of the land was determined to be $5,500 at December 31 , Year 3 . Adjustments 14. There was $120 of supplies on hand at the end of the year. 15. Recognized the expired rent. 16. Recognized the earned revenue from Year 2 and transaction number 8. 17. Accrued salaries were $1,000 at December 31 , Year 3 Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or loss for the period. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. PACILIO SECURITY SERVICES, INC. Statement of Cash Flows For the Year Ended December 31, Year 3 \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities: & \\ \hline & & \\ \hline Net cash flow from operating activities & & \\ \hline Cash flows from investing activities: & \\ \hline \\ \hline Net cash flow from investing activities & \\ \hline Cash flows from financing activities: & \\ \hline & \\ \hline & \\ \hline Ending cash balance & \\ \hline \end{tabular} Indicate whether the transaction increases (+), decreases (), or increases and decreases (+/) for each element of the financial statements. Also, in the Cash Flow column, use the letters OA to designate operating activity, tA for investing activity, FA for financing activity. The first transaction is recorded as an example. The trial balance of Pacilio Security Services, Incorporated as of January 1, Year 3, had the following normal balances: During Year 3, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 2. 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free. 3. Performed $32,000 of security services for numerous local events during the year; $21,000 was on account and $11,000 was for cash. 4. On May 1, paid $3,000 for 12 months' rent in advance. 5. Purchased supplies on account for $700. 6. Paid salaries expense for the year of $9,000 7. Incurred other operating expenses on account, $4,200. 8. On October 1, Year 3, a customer paid $1,200 for services to be provided over the next 12 months. 9. Collected $19,000 of accounts recelvable during the year. 10. Paid $5,950 on accounts payable. 11. Paid $1,800 of advertising expenses for the year. During Year 3, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 2. 2. Paid the balance of $2,000 on the debt owed to the Small Business Government Agency. The loan is interest-free. 3. Performed $32,000 of security services for numerous local events during the year, $21,000 was on account and $11,000 was for cash. 4. On May 1, paid $3,000 for 12 month' rent in advance. 5. Purchased supplies on account for $700. 6. Pald salaries expense for the year of $9,000 7. Incurred other operating expenses on account, $4,200 8. On October 1 , Year 3 , a customer paid $1,200 for services to be provided over the next 12 months. 9. Collected $19,000 of accounts recelvable during the year. 10. Paid $5,950 on accounts payable. 11. Paid $1,800 of advertising expenses for the year. 12. Paid a cash dividend to the shareholders of $4,650 13. The market value of the land was determined to be $5,500 at December 31 , Year 3 . Adjustments 14. There was $120 of supplies on hand at the end of the year. 15. Recognized the expired rent. 16. Recognized the earned revenue from Year 2 and transaction number 8. 17. Accrued salaries were $1,000 at December 31 , Year 3 Choose the appropriate accounts to be reported on the income statement. However, you will need to calculate and enter the amount of the net income or loss for the period. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. PACILIO SECURITY SERVICES, INC. Statement of Cash Flows For the Year Ended December 31, Year 3 \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities: & \\ \hline & & \\ \hline Net cash flow from operating activities & & \\ \hline Cash flows from investing activities: & \\ \hline \\ \hline Net cash flow from investing activities & \\ \hline Cash flows from financing activities: & \\ \hline & \\ \hline & \\ \hline Ending cash balance & \\ \hline \end{tabular} Indicate whether the transaction increases (+), decreases (), or increases and decreases (+/) for each element of the financial statements. Also, in the Cash Flow column, use the letters OA to designate operating activity, tA for investing activity, FA for financing activity. The first transaction is recorded as an example