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. Required 1 Required 2 Determine the financial statement effects for each date. Note: Amounts to be deducted should be indicated by a minus sign. Balance Sheet Income Statement Assets Liabilities Common Stock Retained Earnings Revenues Expenses June 12, 2024 September 17, 2024 $ 41,000 $ 41,000 $ 25,000 $ (25.000 December 31, 2024 $ (7.200) March 4, 2025 $ 56,000 $ (7,200) $ 56,000 $ 10,000 May 20, 2025 $ (10,000) July 2, 2025 $ 45,000 October 19, 2025 $ (45,000) December 31, 2025 Net Income Complete this question by entering your answers In the tabs below. Required 1 Required 2 Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Total accounts receivable Net accounts receivable 2024 2025