Need with this question. show work, s! Transcribed Image Text: Jensen Corporation has summarized its financial statements for the year ending 9-30-20 with the following information: 2019 2020 Amounts Billed

Need with this question. show work, s! Transcribed Image Text: Jensen Corporation has summarized its financial statements for the year
ending 9-30-20 with the following information:
2019
2020
Amounts Billed to Clients
170,000
220,000
Cash Collected From Clients
160,000
,190,000
Salaries Paid
90,000
100,000
Utilities Paid
30,000
40,000
3-Year Insurance Policy Purchased
on 01-01-19
60,000
Utilities Expense – 2019
35,000
There are no liabilities owed at the end of 2020.
Required
1. Calculate the net operating cash flow for 2019 and 2020.
2. Calculate the net income (using accrual accounting) for 2019 and 2020.
3. Calculate the ending balance in accounts receivables at the end of 2019
and 2020.

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