During Year 2. Rustic Camp Sites experienced the following transactions: 1. RCS acquired $32.000 cash by issuing common stock 2. RCS received $116,000 cash for providing services to customers (leasing campsites) 3. RCS paid $13,000 cash for salaries expense. 4. RCS paid a $9,000 cash dividend to the owners 5. RCS sold land that had cost $100,000 for $100,000 cash: 6. RCS paid $47,000 cash for other operating expenses. Required o. Record the transaction data in a horizontal financial statements model. In the Cash Flow column, classify the cash flows as operating activities (OA), investing activities (UA), or financing activities (FA). The beginning balances have been tecorded as an example Note that the revenue and expense accounts have a zero beginning balance. Amounts in these accounts apply only to a single accounting period. Reverue and expense account balances are not cartied torward from one accounting period to the next. c. What amount of net income Wil RCS report on the Year 2 income staternent? d. What amount of total assets wil RCS report on the December 31, Year 2, balance sheet? e. What amount of retained earnings will RCS report on the December 31, Year 2, balance sheet? f. What amount of net cash flow from operating activities will RCS report on the Year 2 statement of cash flows? Complete this question by entering your answers in the tabs below. a. Record the transaction data in a horizontal finandal atatements model, in the Cash flow column, dassify the cash flows as operating activities (OA), investing activities beginning balances have been recorded as an example. Note that the revenue and expense accounts have a zero beginning balance. Amounts in these accounts apply on expense account balances are not carried forward from one aocounting period to the next. (Select "NC* for Net change in cash. Enter any decreases to account balances there is no effect on the Account Titles for 5tatement of Cach Flows, leave the cell btank.) Required a. Record the transaction data in a horizontal financial statements model. In the Cash Flow column. Classify the activities (OA). Investing activities (LA), or financing activities (FA). The beginning balances have been recorded a that the revenue and expense accounts have a zero beginning balance. Amounts in these accounts apply only period. Revenue and expense account balances are not carried forward from one accounting period to the next c. What amount of net income will RCS report on the Year 2 income statement? d. What amount of total assets will RCS report on the December 31 . Year 2, balance sheet? e. What amount of retained earnings will RCS report on the December 31, Year 2, balance sheet? f. What amont of net cash flow from operating activities will RCS report on the Year 2 statement of cash flows? Complete this question by entering your answers in the tabs below. C. What amount of net income whRCS report on the Year 2 income statement? d. What amount of total assets will RCS report on the December 31, Year 2, balance sheet? e. What amount of retained earnings will RCS report on the December 31 , Year 2 , balance sheet? f. What amount of net cash flow from operating activities will RCS report on the Year 2 statement of cash flows