Leach incorporated experlenced the following events for the first two years of its operationst Year 1: 1. Issued $10,000 of common stock for cash. 2. Provided $70,000 of services on account 3. Provided $27,000 of services and recelved cash 4. Collected $43,000 cash from accounts recelvable. 5. Paid $20,000 of salanes 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 recelvable balance will be uncollectible. Year 2. 1. Wrote off an uncollectible account for $2700. 2. Provided $90,000 of services on account. 3. Provided $20,000 of services and collected cash. 4. Collected $72.000 cash from accounts recelvable. 5. Paid $28,000 of salaries 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 recetvable balance will be uncollectible. LEACH INCORPORATED Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 c. What is the net realizable value of the accounts recelvable at December 31 . Year 1