1. Brutal Car Company Ltd. advertised a B14 Nissan for sale in the Daily Rag for the sum of $20,000.00. Ramrajee Dass called an inquired as to the availability of the vehicle and was told it was available and that an offer would be faxed to her and that she would be required to accept the offer within 48 hours. Ramrajee received the faxed offer and immediately dispatched a faxed acceptance to Brutal Car Company Ltd. Unfortunately, the faxed message rolled out of the machine of Brutal Car Company Ltd. and under the desk of the secretary. Three days later after the faxed offer to Ramrajee, the vehicle was sold to Sokeelal Chutasingh. The faxed acceptance was discovered 7 days after it was sent to Brutal Car Company Ltd. Ramrajee would like to initiate legal proceedings against Brutal Car Company Ltd. for breach of contract and she has come to you for advice. Please advise.

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.