what is revenue, expense, and statement of cash flow. Cordell Incorporated experienced the following events in Year $1,$ its first year of operation:

Received $$58,000$ cash from the issue of common stock.

Performed services on account for $$80,000.$

Paid a $$5,800$ cash dividend to the stockholders.

Collected $$64,000$ of the accounts receivable.

Paid $$58,000$ cash for other operating expenses.

Performed services for $$17,000$ cash.

Recognized $$2,800$ of accrued utilities expense at the end of the year.