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

Provided $32,780 of cleaning services on account.

Collected $26,224 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.

Events Affecting Year 2

Wrote off a $246 account receivable that was determined to be uncollectible.

Provided $38,254 of cleaning services on account.

Collected $33,855 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

1. Organize the transaction data in accounts under an accounting equation for each year.
2. Determine the following amounts:

Net income for Year 1.

Net cash flow from operating activities for Year 1.

Balance of accounts receivable at the end of Year 1.

Net realizable value of accounts receivable at the end of Year 1.

1. Determine the following amounts:

Net income for Year 2.

Net cash flow from operating activities for Year 2.

Balance of accounts receivable at the end of Year 2.

Net realizable value of accounts receivable at the end of Year 2.

I can't figure out what the accounts recievable balance would be.

\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ ROSIE DRY CLEANING } \\ \hline \multicolumn{7}{|c|}{ Accounting Equation for Year 2} \\ \hline \multirow{3}{*}{ Event } & \multicolumn{5}{|c|}{ Balance Sheet } & \multirow{3}{*}{\begin{tabular}{c} Accounts Titles for Retained \\ Earnings \end{tabular}} \\ \hline & \multicolumn{3}{|c|}{ Assets } & \multirow[b]{2}{*}{=} & \multirow{2}{*}{\begin{tabular}{|c|} Equity \\ Retained \\ Earnings \end{tabular}} & \\ \hline & Cash & + & \begin{tabular}{c} Net Realizable Value \\ of Accounts \\ Receivable \end{tabular} & & & \\ \hline Balance & 26,224 & + & 6,228 & = & 32,452 & \\ \hline 1. & 0 & + & 0 & = & 0 & \\ \hline 2. & 0 & + & 38,254 & = & 38,254 & Service revenue \\ \hline 3. & 33,855 & + & (33,855) & = & 0 & \\ \hline 4. & 0 & + & (383) & = & (383) & Uncollectible accounts expense \\ \hline Balance & 60,079 & + & 10,244 & = & 70,323 & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Net income & $32,452 \\ \hline Net cash flow from operating activities & $26,224 \\ \hline Balance of accounts receivable & $6,556 \\ \hline Net realizable value of accounts receivable & $6,228 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Net income & $37,871 \\ \hline Net cash flow from operating activities & $33,855 \\ \hline Balance of accounts receivable & $4,645 \\ \hline Net realizable value of accounts receivable & $10,244 \\ \hline \end{tabular}