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 $30,930 of cleaning services on account. 2. Collected $24,744 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 $232 account receivable that was determined to be uncollectible. 2. Provided $36,095 of cleaning services on account. 3. Collected $31,944 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. Record the events for Year 1 and Year 2 (including closing entries for Year 1) 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 Year 1. c. Repeat Requirement b for the Year 2 accounting period. Required A Required B Required C Record the events for Year 1 and Year 2 (including closing entries for Year 1) in T-accounts. (Round your answers to nearest whole dollar.) Year 1 2. Cash 0 24,744 Bal. 24,744 Year 2 3. 31,944 End. Bal. 56,688 Beg. Bal. cl End. Bal. Retained Earnings 0 309 30,930 cl 30,621 Accounts Receivable Service Revenue Year 1 0 30,930 0 Year 1 o 24,744 2. cl 30,930 30,930 Bal. Year 2- 6,186 Bal. Year 2 36,095 232 1. 31,944 3. 36,095 2. End. Bal. 10,105 End. Bal. 36,095 Required A Required B Required C Determine the following amounts: (Round your intermediate calculations to nearest whole dollar.) (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 Complete this question by entering your answers in the tabs below. Required A Required B Required C Repeat Requirement b for the Year 2 accounting period. (Round your intermediate calculations to nearest whole dollar.) (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 < Required B