Business, 20.01.2020 23:31 dbn4everloved

Consider the following information.

1. service revenue for the year = $80,000. of this amount, $70,000 is collected during the year and $10,000 is expected to be collected next year.

2. salaries expense for the year = $40,000. of this amount, $35,000 is paid during the year and $5,000 is expected to be paid next year.

3. advertising expense for the year = $10,000. all of this amount is paid during the year.

4 supplies expense for the year = $4,000. no supplies were purchased during the year.

5. utilities expense for the year = $12,000. of this amount, $11,000 is paid during the year and $1,000 is expected to be paid next year.

6. cash collected in advance from customers for services to be provided next year (unearned revenue) = $2,000.

calculate operating cash flows.(list deductible values as negative amounts)

calculate net income.(list deductible values as negtive amounts)

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Consider the following information.

1. service revenue for the year = $80,000. of this a...