Rosie 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 $26,140 of cleaning services on account. 2. Collected $20,912 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 $196 account receivable that was determined to be uncollectible. 2. Provided $30,505 of cleaning services on account. 3. Collected $26,997 cash from accounts receivable. . Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Required a. Record the events for Year 1 and Year 2 in T-accounts. b. Determine the following amounts: (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1 (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year1 c. Repeat Requirements b for the Year 2 accounting period Record the events for Year 1 and Year 2 in T-accounts. (Round your answers to nearest whole dollar.) Cash Retained Earnings Year 1 Beg. Bal Bal End. Bal Year 2 End. Bal. Accounts Receivable Service Revenue Year 1 Year 1 Bal. Bal Year 2 Year 2 End. Bal. End. Bal Allowance for Doubtful Accounts Uncollectible Accounts Expense Year 1 Year 1 Required ARequired BRequired C Determine the following amounts: (Round your intermediate calculations to nearest whole d (1) Net income for Year 1. (2) Net cash flow from operating activities for Year 1. (3) Balance of accounts receivable at the end of Year 1. (4) Net realizable value of accounts receivable at the end of Year 1. (1) Net income for Year 1 (2) Net cash flow from operating activities for Year 1 (3) Balance of accounts receivable at the end of Year 1 (4) Net realizable value of accounts receivable at the end of Year 1 Required A Required B Required C Repeat Requirements b for the Year 2 accounting period. (Round your intermediate calcu (1) Net income for Year 2 (2) Net cash flow from operating activities for Year 2 (3) Balance of accounts receivable at the end of Year 2 (4) Net realizable value of accounts receivable at the end of Year 2