Rose Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation Events Affecting Year 1 1. Provided $34,000 of cleaning services on account. 2. Colected $27.200 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $255 account receivable that was determined to be uncollectible 2. Provided $39.578 of cleaning services on account 3. Collected $35,115 cash from accounts receivable 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account Required a. Organize the transaction data in accounts under an accounting equation b. Determine the following amounts: 1. (1) Net Income for Year 1 2. 12) Net cash flow from operating activities for Year 1. 3. (3) Balance of accounts receivable at the end of Year 1 4. (4) Netre b e value of accounts receivable at the end of Year 1 c. Determine the following amounts: 1. (1) Net income for Year 2 2. (2) Net cash low from operating acties for Year 2 3. (3) Balance of accounts receivable at the end of Year 2 4. (4) Netre b le value of accounts receivable at the end of Year 2 Complete this question by entering your answers in the tabs below. Red Al Reg A2 Rec Organize the transaction data in accounts under an accounting equation for Year 2. Enter any decreases to account balances with a son cells in the "Accounts Titles for Retained Earnings com may require an input avec ban there is no corresponding Retained tamings input needed.). ROSE DRY CLEANING Accounting Equation for the Year 19 Mavice