Events Affecting Year 1

1. Provided $30,620 of cleaning services on account.
2. Collected $24,496 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.

Required

1. (this part omitted)
2. 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.