Ultra Day Spa provided $92,450 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. Required a. Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), Investing activity (1A), or financing activity (FA) 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? Balance Sheet ULTRA DAY SPA Horizontal Statements Model Income Statement Stockholders' Equity Retained Revenue Earnings Exponse Net Income Statement of Cash Flows Event Assets Liability Cash Account Receivable 1. 2 Required Required B > Based on this information alone, answer the following questions (For all requirements, round your answers to the nearest whole dollar.) (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? Show less (1) Total assets (2) Revenue recognized (3) Cash flow from operating activities