complete all please

Problem 7-17A (Algo) Accounting for uncollectible accounts: two cycles using the percent of revenue allowance method LO 7-1 [The following information applies to the questions displayed below.] The following transactions apply to Jova Company for Year 1 , the first year of operation: 1. Issued $13,500 of common stock for cash. 2. Recognized $68,500 of service revenue earned on account. 3. Collected $60,800 from accounts receivable. 4. Paid operating expenses of $35,600. 5. Adjusted accounts to recognize uncollectitte accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account. The following transactions apply to Jova for Year 2: 1. Recognized $76,000 of service revenue on account. 2. Collected $68,800 from accounts receivable. 3. Determined that $970 of the accounts receivable were uncollectible and wrote them off. 4. Collected $200 of an account that had previously been written off. 5. Paid $49,200 cash for operating expenses. 6. Adjusted the accounts to recognize uncollectible accounts expense for Year 2. Jova estimates uncollectible accounts expense will be 1 percent of sales on account. Required: Complete the following requirements for Year 1 and Year 2 . Complete all requirements for Year 1 prior to beginning the requirements for Year 2 . Organize the transaction data in accounts under an accounting equation for Year 1. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Organize the transaction data in accounts under an accounting equation for Year 2. For event 4, reinstate the customer's account recelvable in 4a and record the receipt of payment on account in 4b. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Prepare an income statement for Year 1. Prepare the statement of changes in stockholders' equity for Year 1. Prepare the balance sheet for Year 1. Prepare the statement of cash flows for Year 1