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During Year 2. Calico Company experienced the following accounting events 1. Provided $135,000 of services on account 2. Collected $85.000 cash from accounts receivable 3. Wrote off $2.800 of accounts receivable that were uncollectible 4. Loaned $4,000 to an individual. Emma Gardner in exchange for a note receivable 5. Paid 592,000 cash for operating expenses 6. Estimated that uncollectible accounts expense would be 2 percent of revenue earned on account Recorded the year-end adjusting entry 7. Recorded the year-end adjusting entry for accrued interest on the note receivable see Event 4) Calico made the loan on August It had a six-month term and a 6 percent rate of interest Required a. Record the Year 2 events in ledger accounts under an accounting equation b. Determine net income for Year 2 c. Determine net cash flow from operating activities for Year 2 d. Determine the net realizable value of accounts receivable at December 31 Year 2 e. What amount of interest revenue will Callco recognize on its note receivable in Year 3? Complete this question by entering your answers in the tabs below. Required a. Record the Year 2 events in ledger accounts under an accounting equation b. Determine net income for Year 2 c. Determine net cash flow from operating activities for Year 2 d. Determine the net realizable value of accounts receivable at December 31, Year 2 e. What amount of interest revenue will Calico recognize on its note receivable in Year 3? Complete this question by entering your answers in the tabs below. Reg Rag to E Record the Year 2 events in ledger accounts under an accounting equation Calico's ledger balances on January 1, Year 2, were as follows: (Enter any decreases to account balances with a minun sign. Not a call will require entry) Evem No Cash CAUCO COMPANY Accounting Equation for the Year 2 Ansats NRV Accounts Notes Internat Receivable Receivable Receivable 16.000 + Liabilities Equity Common Retained Stock Earnings 30 000 22.000 + 9 8.300 4 Bal 1 2 3 . + . + 4 + 5 5 Total Required a. Record the Year 2 events in ledger accounts under an accounting equation. b. Determine net income for Year 2 c. Determine net cash flow from operating activities for Year 2 d. Determine the net realizable value of accounts receivable at December 31, Year 2. e. What amount of interest revenue will Calico recognize on its note receivable in Year 3? Complete this question by entering your answers in the tabs below. Req A Red B to E b. Determine net Income for Year 2. Determine net cash flow from operating activities for Year 2 d. Determine the net realizable value of accounts receivable at December 31, Year 2 e. What amount of interest revenue will Calico recognize on its note receivable In Year 37 Show less b Net Income d Net realizable value Interest revenue 0