2 Roth Service Co. experienced the following transactions for Year 1 its first year of operations 1. Provided $74,000 of services on account. 2. Collected $43,300 cash from accounts receivable 3. Paid $28.000 of salaries expense for the year. 4. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Cook Allowan Balanc Hint Number of Days Past Due Current 0-30 31-60 61-90 Over 90 days Amount $16,600 6,000 3,000 2,000 3,109 Percent Likely to Be Uncollectible 0.01 0.05 0.10 @.30 0.50 rint rences Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Co. for Year 1 c. What is the net realizable value of the accounts receivable at December 31, Year 1? Complete this question by entering your answers in the tabs below. Required A Required B Required Organize the transaction data in accounts under an accounting equation. (Enter any decre sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blani ROTH SERVICE CO. Horizontal Statements Model Assets Equity NRV Accounts = Liabilities + Retained Receivable Earnings Accounts Titles for Re Earnings Event Cash 1 BRE b. Prepare c. What is the net realizable value of the Complete this question by entering your answers in the tabs Required A Required B Required C Prepare an income statement for Roth Service Co. for Year 1. ROTH SERVICE CO. Income Statement For the Year Ended December 31, Year 1 Operating expenses 0 Total operating expenses