1 B3 ts Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation. Events Affecting Year 1 1. Provided $29,530 of cleaning services on account 2. Collected $23,624 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account Skipped eBook Events Affecting Year 2 1. Wrote off a $221 account receivable that was determined to be uncollectible. 2. Provided $34,462 of cleaning services on account. 3. Collected $30,499 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Print References Required a. Record the events for Year 1 and Year 2 (including closing entries for Year 1) in T-accounts. b. Determine the following amounts: (1) Net Income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. c. Repeat Requirement b for the Year 2 accounting period. Record the events for Year 1 and Year 2 (including closing entries for Year 1) in T-accounts. (Round your an Cash Retained Earnings Year 1 Beg. Bal. Bal End. Bal. Year 2 + End. Bal. Accounts Receivable Service Revenue Year 1 Year 1 Bal. Bal Year 2 Year 2 End. Bal. End. Bal. Allowance for Doubtful Accounts Uncollectible Accounts Expense Year 1 Year 1 Bal Bal. Uncollectible Accounts Expense Allowance for Doubtful Accounts Year 1 Year 1 Bal Bal. Year 2 Year 2 End. Bal. End. Bal. Required A Required B >