Check my work 2 3:33 DO 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 $45.000 of cleaning services on account 2. Collected $39.000 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 Print Events Affecting Year 2 1. Wrote off a $300 account receivable that was determined to be uncollectible 2. Provided $62.000 of cleaning services on account 3. Collected $61000 cars from accounts receivable 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account Required o. Organize the transaction data in accounts under an accounting equation for each year 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. Determine the following amounts (1) Net income for Yeni 2 (2) Not cash flow from operating activities for Your 2 (3) Bslarice of accounts receivable at the end of Year 2 (4) Net realizable value of accounts recewable at the end of Year 2. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 ReqB Regc Organize the transaction data in accounts under an accounting equation for Year 1. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 1 Balance Sheet Assets Liabilities Equity NRV Retained Accounts Earnings Receivable Event Account Tities for Retained Earnings Cash 1 2. 3 ++ Bal 0 + 0 + 0 Roq A2 Reg A2 > Complete this question by entering your answers in the tabs below. Reg A1 Reglaz Reg B Reg C Organize the transaction data in accounts under an accounting equation for Year 2. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 2 Balance Sheet Assets Liabilities Equity NRV Retained Accounts Receivable Earnings Event Account Titles for Retained Earnings Cash Bal - . 1. + 2 + 3. 4. + 0 Bal 0