Complete this question by entering your answers in the tabs below. Prepare the income staterbent for Vulcan Service Company for Year 1. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Exercise 7-8A (Static) Accounting for uncollectible accounts: percent of receivables allowance method LO 72,73 Vulcan Service Company experienced the following transactions for Year 1 , its first year of operations: 1. Provided $91,000 of services on account. 2. Collected $72,000 cash from accounts receivable. 3. Paid $36,000 of salaries expense for the year. 4. Adjusted the accounts using the following information from an accounts recelvable aging schedule: Required: a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement for Vulcan Service Company for Year 1. c. What is the net realizable value of the accounts recelvoble at December 31, Year 1? Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. Notel Enter any decreases to account balances with a minus sign. Not all cells require input. 2. Collected $72,000 cash from accounts receivable. 3. Paid $36,000 of salaries expense for the year. 4. Adjusted the accounts using the following information from an accounts receivable aging schedule: Required: a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement for Vulcan Service Company for Year 1. c. What is the net realizable value of the accounts receivable at December 31 , Year 1? Complete this question by entering your answers in the tabs below. What is the net realizable value of the accounts receivable at December 31 , Year 1