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 $78,000 of services on account. 3. Provided $36,000 of services and recelved cash. 4. Collected $69,000 cash from accounts receivable. 5. Paid $38,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year, Leach estimates that 5 percent of the ending accounts recelvable balance will be uncollectible. Year 2: 1. Wrote off an uncollectible account for $650. 2. Provided $88,000 of services on account. 3. Provided $32,000 of services and collected cash. 4. Collected $81,000 cash from accounts receivable. 5. Paid $65,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year, Leach estimates that 5 percent of the ending accounts recelvable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation d-2. Prepare an income statement for Year? 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 recelvable at December 31 , Year 2 ? ( Answer is not complete. Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus aign. if there is no effect on the Accounts Tities for Retained Earning5, leave the cell blank. Round your answers up to the nearest whole doliac) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 2. (Round your answers to nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stockholders' equity for Year 2. (Round your answers to nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Year 2. (Round your answers to nearest whole dollar amount.). (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for Year 2. (Cash outfows, should be indicated with a minus sign. Round your answers to nearest whole dollar amount.) ( x Answer is not complete. Complete this question by entering your answers in the tabs below. What is the net realizable value of the accounts recelvable at December 31, Year 27 (Round your answer to nearest whole dollar amount.)
