$[$Ihe following information applies to the questions displayed below.$]$

Leach Incorporated experienced the following events for the first two years of its operations:

Year $1$:

Issued $$10,000$ of common stock for cash.

Provided $$90,000$ of services on account.

Provided $$33,000$ of services and received cash.

Collected $$57,000$ cash from accounts receivable.

Paid $$16,000$ of salaries expense for the year.

Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that $5$ percent

of the ending accounts receivable balance will be uncollectible.

Year $2$:

Wrote off an uncollectible account for $$710.$

Provided $$110,000$ of services on account.

Provided $$20,000$ of services and collected cash.

Collected $$92,000$ cash from accounts receivable.

Paid $$22,000$ of salaries expense for the year:

Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that $5$ percent of the

ending accounts receivable balance will be uncollectible.

Required

a$.$ Organize the transaction data in accounts under an accounting equation for Year $1.$

b$.$ Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year $1.$

c$.$ What is the net realizable value of the accounts receivable at December $31,$ Year $1?$

Complete this question by entering your answers in the tabs below.

Organize the transaction data in accounts under an accounting equation for Year $1.$

Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed. Round your answers up to the nefrest whole dollar.

LEACH INCORPORATE