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Required information The following information applies to the questions displayed below.] Leach Inc. experienced the following events for the first two years of its operations:

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Required information The following information applies to the questions displayed below.] Leach Inc. experienced the following events for the first two years of its operations: Year 1: 1, Issued $10.000 of common stock for cash. 2. Provided $60,000 of services on account. 3. Provided $35,000 of services and received cash. 4. Collected $25,000 cash from accounts receivable. 5. Paid $18,000 of salaries expense for the year 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. Year 2: 1. Wrote off an uncollectible account for $680. 2. Provided $80,000 of services on account. 3. Provided $30,000 of services and collected cash. 4, Collected $62,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation for Year 2. d-2. Prepare an income statement for Year 2. d-3. Prepare the statement of changes in stockholders' equity for Year 2. d-4. Prepare the balance sheet for Year 2. d-5. Prepare the statement of cash flows for Year 2. d-6. What is the net realizable value of the accounts receivable at December 31, Year 2

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