The YTM on 1-year zero coupon bonds is 5% and the YTM on 2-year zero coupon bonds is 6%. The YTM on 2-year maturity coupon bonds with coupon rates of 15% (paid annually) is 5.8%. Assume the face value of bonds is $1,000. What should be the price of this 2-year maturity coupon bond, if we use no-arbitrage pricing approach based on the zero-coupon bonds

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.