Leach Inc experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash 2. Provided $70,000 of services on account. 3. Provided $35,000 of services and received cash. 4. Collected $35,000 cash from accounts receivable. 5. Pald $14,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. Year 2 1. Wrote off an uncollectible account for $2,510. 2. Provided $90,000 of services on account 3. Provided $30,000 of services and collected cash. 4. Collected $72,000 cash from accounts receivable. 5. Pald $28,000 of salartes expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Not all cells require input.) LEACH INC. Accounting Equation for Year 1 Equity Liabilities + Common + Retained Stock Earnings Assets NRV Accounts Receivable Event Account Titles for Retained Earnings Cash 1. 2 ++++ 3 4 5. 6 Ba ++ os ++