Sanderson & Associates received a $24,000 cash advance as a retainer to provide legal services to a client. The contract called for Sanderson to render services during a one year period beginning October 1, 2010. Based on this information alone, determine the cash flow from operating activities Sanderson would report on the 2010 and 2011 statements of cash flows. Also determine the amount of revenue Sanderson would report on the 2010 and 2011 income statements.