Book Hint erences During Year 2. Calico Company experienced the following accounting events 1. Provided $120,000 of services on account 2. Collected $85,000 cash from accounts receivable. 3. Wrote off $1,800 of accounts receivable that were uncollectible 4. Loaned $3,000 to an individual, Emma Gardner, in exchange for a note receivable 5. Paid $90,500 cash for operating expenses 6. Estimated that uncollectible accounts expense would be 2 percent of revenue earned on account. Recorded the year-end adjusting entry. 7. Recorded the year-end adjusting entry for accrued interest on the note receivable (see Event 4) Calico made the loan on August 1 It had a six-month term and a 6 percent rate of interest Required a. Record the Year 2 events in ledger accounts under an accounting equation b. Determine net income for Year 2 e. Determine net cash flow from operating activities for Year 2 d. Determine the net realizable value of accounts receivable at December 31, Year 2 e. What amount of interest revenue will Calico recognize on its note receivable in Year 3?