Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation: Events Affecting Year1 1. Provided $27,990 of cleaning services on account. 2. Collected $22,392 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent ofthe cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $210 account receivable that was determined to be uncollectible. 2. Provided $32,664 of cleaning services on account. 3. Collected $28,908 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent ofthe cleaning revenue on account. Requued a. Organize the transaction data in accounts under an accounting equation for each year. b. Determine the following amounts: 1. (1) Net income for Year 1. 2. (2) Net cash flow from operating activities for Year 1. 3. (3) Balance of accounts receivable at the end of Year 1. 4. (4) Net realizable 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 flow from operating activities for Year 2. 3. (3) Balance of accounts receivable at the end of Year 2. 4. (4) Net realizable value of accounts receivable at the end of Year 2. Req A1 Req A2 Req C Determine the following amounts for the Year 1 accounting period. (Round your answers to nearest whole dollar amount.) Net income - _ Net cash ow from operating activities Balance of accounts receivable Net realizable value of accounts receivable Req A1 Req A2 Req B Determine the following amounts for the Year 2 accounting period. (Round your answers to nearest whole dollar amour $ 8,747 $ 51,300 Net income Net cash ow from operating activities Balance of accounts receivable Net realizable value of accounts receivable