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Required information [The following information applies to the questions displayod below.] The following transactions apply to Wainut Enterprises for Year 1 , its first year of operations: 1. Received $41,000 cash from the issue of a short-term note with a 5 percent interest rate and a one-year maturity. The note was made on April 1, Year 1. 2. Recelved $117.000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 7 percent. 3. Paid $72,000 cash for other operating expenses during the year. 4. Paid the sales tax due on $97,000 of the service revenue for the year. Saies tax on the balance of the revenue is not due until Year 2. 5. Recognized the accrued interest at December 31, Year 1. The following transactions apply to Walnut Enterprises for Year 2: 1. Paid the balance of the sales tax due for Year 1 . 2. Received $142,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 7 percent. 3. Repaid the principal of the note and applicable interest on April 1, Year 2. 4. Paid $85,000 of other operating expenses during the year. 5. Paid the sales tax due on $117,000 of the service revenue. The sales tax on the balance of the revenue is not due until Year 3. (For all requirements, round your intermediate and final answers to the nearest whole dollar amount.) f-1. Record the Year 2 transactions in general journal form. 1.2. Post the Year 2 transactions to T-accounts. 1-3. Predare an income statement for Year 2 . 3. Repaid the principal of the note and applicable interest on April 1, Year. 4. Paid $85,000 of other operating expenses during the yoat. 5. Paid the sales tax due on $117.000 of the service revenue. The sales tax Year 3. (Fot all requirements, round your intermediate and final answers to the f.1. Record the Year 2 tansactions in general journal form. f.2. Post the Year 2 transactions to T-accounts. f-3. Prepare an income statement for Yoar 2 . f.4. Prepare a statement of changes in stockholders' equity for Year 2. 6.5. Prepace a balance sheet for Year 2 . f.6. Prepare a statement of cash flows for Year 2 . 6.7. Prepare closing entries for Year 2 1.8. Post the Year 2 closing entries to T-accounts, f.9. Prepare a post-closing trial baliance for Year 2. Complete this question by entering your answers in the tabs below. Prepare a post dosing trial balance for Year 2. Required information [The following information applies to the questions displayod below.] The following transactions apply to Wainut Enterprises for Year 1 , its first year of operations: 1. Received $41,000 cash from the issue of a short-term note with a 5 percent interest rate and a one-year maturity. The note was made on April 1, Year 1. 2. Recelved $117.000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 7 percent. 3. Paid $72,000 cash for other operating expenses during the year. 4. Paid the sales tax due on $97,000 of the service revenue for the year. Saies tax on the balance of the revenue is not due until Year 2. 5. Recognized the accrued interest at December 31, Year 1. The following transactions apply to Walnut Enterprises for Year 2: 1. Paid the balance of the sales tax due for Year 1 . 2. Received $142,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 7 percent. 3. Repaid the principal of the note and applicable interest on April 1, Year 2. 4. Paid $85,000 of other operating expenses during the year. 5. Paid the sales tax due on $117,000 of the service revenue. The sales tax on the balance of the revenue is not due until Year 3. (For all requirements, round your intermediate and final answers to the nearest whole dollar amount.) f-1. Record the Year 2 transactions in general journal form. 1.2. Post the Year 2 transactions to T-accounts. 1-3. Predare an income statement for Year 2 . 3. Repaid the principal of the note and applicable interest on April 1, Year. 4. Paid $85,000 of other operating expenses during the yoat. 5. Paid the sales tax due on $117.000 of the service revenue. The sales tax Year 3. (Fot all requirements, round your intermediate and final answers to the f.1. Record the Year 2 tansactions in general journal form. f.2. Post the Year 2 transactions to T-accounts. f-3. Prepare an income statement for Yoar 2 . f.4. Prepare a statement of changes in stockholders' equity for Year 2. 6.5. Prepace a balance sheet for Year 2 . f.6. Prepare a statement of cash flows for Year 2 . 6.7. Prepare closing entries for Year 2 1.8. Post the Year 2 closing entries to T-accounts, f.9. Prepare a post-closing trial baliance for Year 2. Complete this question by entering your answers in the tabs below. Prepare a post dosing trial balance for Year 2