Required information [The following information applies to the questions displayed bexaw] Leach incorporated experienced the following events for the first two years of its operations. Year 1: 1. lesued $10,000 of common stock for cosh. 2. Provided $70,000 of services on account. 3. Provided $25,000 of services and received cash 4. Collected \$45,000 cash from accounts recelvable 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounting records to rellect uncollectible accounts expense for the year leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. Yeor 2. 1. Wrote off an uncollectble account for $2,630 2. Provided $90,000 of services on occount. 3. Provided $25,000 of services and collected cash. 4. Collected $72.000 cash from accounts receivoble 5. Paid $30000 of salaries expense for the yoor 6. Adjusted the accounts to reflect uncollectible accounts expense for the yoar Leach estimates that 6 peticent of the ending occounts receivable balonce will be uncollectible. c. What is the net realizable value of the accounts receivable at December 3t Year 1