Collected

$25,985

cash from accounts receivable.\ Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent revenue on account.\ Required:\ a. 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 Year 2.\ (2) Net cash flow from operating activities for Year 2.\ (3) Balance of accounts receivable at the end of Year 2.\ (4) Net realizable value of accounts receivable at the end of Year 2.\ Complete this question by entering your answers in the tabs below.

3. Collected $25,985 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent revenue on account. Required: a. 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 Year 2. (2) Net cash flow from operating activities for Year 2. (3) Balance of accounts receivable at the end of Year 2. (4) Net realizable value of accounts receivable at the end of Year 2. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 2 accounting period. Note: Round your answers to nearest whole dollar amount