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, i3 list year of operations: 1. Provided $91,000 of services on account. 2. Collected $72,000 cash from accounts recelvable. 3. Pald $36.000 of salaries expense for the year 4. Adjusted the accounts using the following information from an accounts recelvable aging schedule: Number of Days Percent Likely to Allovance Current 0-30 31-60 61-90 Over 90 days $7,800 4,500 2,000 2,200 2,500 0.01 0.05 0.10 0.20 0.50 Required a. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account bala sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings") VULCAN SERVICE CO. Accounting Equation for the Year1 Equity Accounting Titles for Retained Earnings Assets Retained Earnings Event CashAccounts stock Receivable Allowance Common 2. 3. 4. 0 Bal. b. Prepare the income statement for Vulcan Service Co. for Year 1. VULCAN SERVICE CO. Income Statement For the Year Ended December 31, Year 1 Operating expenses Total operating expenses 0