Exercise 7.8A (Static) Accounting for uncollectible accounts: percent of receivables allowance method LO 7.2, 7.3 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 recelvable. 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 Vuican Service Company for Year 1 . c. What is the net realizable value of the accounts recelvable at December 31, Year 17 Complete this question by entering your answers in the tabs below. Organize the transaction cata in gccounts under an accounting equation. Note: Enter awy decreases to account baiances with a minus sign. Not all cells require input