Aequired information [The following information applies to the questions displayed beiow] Leach inc. experienced the following events for the first two years of ias operations: Year i: 1. Issued 510.000 of common stock for cash. 2. Provided $78,000 of services on account. 3. Provided 536,000 of services and recelived cash. 4. Collected $69,000 cash from accounts receivable. 5. Paid $38,000 of salories expense for the year. 6. Adjusted the bccounting records to reflect uncollectible accounts expense for the yeor Leach estimates that 5 percent of the ending accounts receivable bolance will be uncollectibie. Year 2: 1. Wrote off an uncoliectibie account for $650 2. Provided $88.000 of services on account. 3. Provided $32,000 of services and collected cash. 4. Collected 581,000 cosh from accounts receivable. 5. Paid $65,000 of salories expense for the yeac 6. Adjusted the accounts to reflect uncollectble accounts expense for the year Leach estimates that 5 percent of the ending accounts receivable balance will be uncallectible. d-1. Crganize the transaction data in accounts under an accounting equation. d-2. Prepare an income statement for Year 2. d-3. Prepare the statement of changes in stockholders' equity for Yeor 2. d-4. Prepare the baiance sheot for Year?. d-5, Prepare the statement of cash flows for Year 2. d-6. What is the net realizable value of the accounts recelvotle at December 31, Year 2? Complete this question by entering your answers in the tabe below. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with an minus sign. If there is no effect on the Accounts Tities for Retained Earnings, leave the cell blank. Round your answers up to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 2. (Round your answers to nearest whole dollar amount.) d-5. Prepare the statement of cash flows for Year 2. d-6. What is the net realizable value of the accounts recelvable at December 31, Year 2? Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stolktwolders' equity for Year 2. (Round your answers to nearkit whole dollar amount.) Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Year 2. (Round your answers to nearest whole dollar amount.) Prepare the statement of cash flows for Year 2. (Cash outflows should be indicated with a minus sign. Round your answers to nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. What is the net realizable value of the accounts recelvable at December 31, Year 2 ? (Round your answer to nearest whole dollar amount.)
