I am confused on how to do this.

The following events occur for The Underwood Corporation during 2024 and 2025 , its first two years of operations. June 12, 2024 Provide services to customers on account for $41,000. September 17, 2024 Receive $25,000 from customers on account. December 31, 2024 Estimate that 45\% of accounts receivable at the end of the year will not be received. March 4, 2025 Provide services to customers on account for $56,000. May 20, 2025 Receive $10,000 from customers for services provided in 2024. July 2, 2025 Write off the remaining amounts owed from services provided in 2024. October 19, 2025 Receive $45,000 from customers for services provided in 2025. December 31, 2025 Estimate that 45\% of accounts receivable at the end of the year will not be received. Required: 1. Determine the financial statement effects for each date 2. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025 . Determine the financial statement effects for each date. Note: Amounts to be deducted should be indicated by a minus sign