Requlred informntion The following information applies to the questions displayed below) Leach Incorporated experlenced the following events for the first two years of its operatlons. 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 recelvable. 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 or the ending accounts recelvable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense accounts. 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 uncollectiblo accounts expense for the year Leach estimates that 5 percent of the ending accounts receivable balance wil be uncoliectible. 7. Closed the revenue occount. 8. Closed the expense accounts. c. What is the net realizable value of the accounts recelvable at December 31. Year 1