Required information [The following informotion opplies to the questions disployed below.] Lesch Incorporsted experienced the following events for the first two yeors of its operations: Year 1: 1. Issued 510,000 of common stock for cash. 2. Provided $70,000 of services on eccount 3. Provided $31,000 of services and received cosh. 4. Collected $39,000 cosh from sccounts receivoble. 5. Paid $20,000 of soleries expense for the year. 6. Acjusted the sccounting records to reflect uncollectible accounts expense for the year. Leach estimotes that 7 percent of the ending occounts receivable bolance will be uncollectible. Year 2 1. Wrote off an uncollectible sccount for $2,670. 2. Provided $90,000 of services on sccount. 3. Provided $30,000 of services and collected cash. 4. Collected $72,000 cash from accounts receivoble. 5. Poid $28,000 of salsries expense for the year. 6. Acjusted the sccounts to reflect uncollectible sccounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. 2. Prepere the income statement, statement of changes in stockholders' equity, bolance sheet, and statement of cash flows for Ye Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for Year 1. Note: Amounts to be deducted and cash outflows should be indicated with a minus sign