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 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 $61,000 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account nice Required a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: 1. (1) Net income for Year 1. 2. (2) Net cash flow from operating activities for Year 1 3. (3) Balance of accounts receivable at the end of Year 1 4.(4) Net realizable value of accounts receivable at the end of Year 1 c. Determine the following amounts: 1. (1) Net income for Year 2 2.(2) Net cash flow from operating activities for Year 2 3. (3) Balance of accounts receivable at the end of Year 2 4. (4) Net realizable value of accounts receivable at the end of Year 2 Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Reg C Organize the transaction data in accounts under an accounting equation for Year 2. (Enter any with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the require entry.) ROSIE DRY CLEANING Accounting Equation for the Year 2 + Balance Sheet Assets Equity Accounts Titles for Retained Earnings NRV Accounts Retained Receivable Earnings Event Cash s Bal. 1. 2. + + + HIIHII 3. 4. 4 + 1111 Bal. 01 + 0= Req A1 Req A2 Req B Reqc Determine the following amounts for the Year 1 accounting period. ces Net income Net cash flow from operating activities Balance of accounts receivable Net realizable value of accounts receivable Complete this question by entering your answers in the tabs below. Req B REGC Req A1 Reg A2 Determine the following amounts for the Year 2 accounting period. ces Net income Net cash flow from operating activities Balance of accounts receivable Net realizable value of accounts receivable