Required information [The following information applles to the questions displayed below] Leach Inc. experlenced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash. 2. Provlded $120,000 of services on account. 3. Provlded $31,000 of services and recelved cash. 4. Collected $89,000 cash from accounts recelvable. 5. Paid $14,000 of salarles expense for the year. 6. Adjusted the accounting records to reflect uncollectlble accounts expense for the year. Leach estimates that 8 percent of the ending accounts recelvable balance will be uncollectible. Year 2 1. Wrote off an uncollectible account for $740. 2. Provlded $140,000 of services on account. 3. Provlded $15,000 of services and collected cash. 4. Collected $122,000 cash from accounts recelvable. 5. Paid $26,000 of salarles expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 8 percent of the ending accounts recelvable balance will be uncollectible. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. c. What is the net realizable value of the accounts recelvable at December 31, Year 1? 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 sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entry.)