Complete this question by entering your answers in the tabs below. Prepare the income statement for Vulcan Service Company for Year 1. Complete this question by entering your answers in the tabs below. What is the net realizable value of the accounts recelvable at December 31, Year 1 ? 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 occounts: percent of recelvables allowance method LO 7-2, 7-3 Vukan Service Campany experfenced the following transactions for Yeat 1 , its fint year of operations 1. Provided $91000 of services on account: 2. Collected $72,000 cash from accounts receivable. 3. Paid $36,000 of salarles expense for the year. 4. Adjusted the accounts using the following information from an accounts tecelvable aging schedule