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0 Help Save&Exit 0 Required information The following information applies to the questions displayed below) Leach Inc experienced the following events for the first two

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0 Help Save&Exit 0 Required information The following information applies to the questions displayed below) Leach Inc experienced the following events for the first two years of its operations: 2018 1. Issued $10,000 of common stock for cash. 2. Provided $110,000 of services on account 3. Provided $25,000 of services and received cash 4. Collected $85,000 cash from accounts receivable 5. Paid $20,000 of salaries expense for the year 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 8 per cent of the ending accounts recelvable balance will be uncollectible 2019 1 Wrote off an uncollectible account for $740 2. Provided $130,000 of services on account 3. Provided $30,000 of services and collected cash 4. Collected $112,000 cash from accounts receivable 5 Paid $22,000 of salaries expense for the year 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of th e ending accounts receivable balance will be uncollectible. b. Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for 2018 Complete this question by entering your answers in the tabs below Req B Inc Stmt Req B Stmt SE Reg B Bal Reg Stt Cash Flows Prepare an income statement for 2018.

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