Pete's Auto Service was started on January 1, 2010. The company experienced the following events during its first year of operation. Events affecting 2010 1. Provided $50,000 of repair services on account. 2. Collected $35,000 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the service revenue on account. Events affecting 2011 1. Wrote off a $350 account receivable that was determined to be uncollectible. 2. Provided $65,000 of repair services on account. 3. Collected $66,000 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the service revenue on account. Required: (a) Organize the transaction data in accounts under an accounting equation. (Amounts to be deducted should be entered with a minus sign. Leave no cells blank. If an account is not affected by an event, enter zero in the appropriate cell. Select NA where appropriate in the last column which is titled Acct. Title for RE.) Balance Sheet Acct. Titles for Event Assets = Equity Retained Earnings Cash + Acct. Rec. Allow. Ret. Ear. 2010 1. 2. 3. Bal. + - = Balance Sheet Acct. Titles for Event Assets = Equity Retained Earnings Cash + Acct. Rec. Allow. Ret. Ear. 2011 Bal. 1. 2. 3. 4. Bal. + - = (b) Determine the following amounts for 2010 and 2011. (Omit the "$" sign in your response.) 2010 2011 Net income $ $ Net cash flow from operating activities $ $ Balance of accounts receivable $ $ Net realizable value of accounts receivable $ $