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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

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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 $26,350 of cleaning services on account 2. Collected $21.080 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 S198 account receivable that was determined to be uncollectible 2. Provided $30,750 of cleaning services on account 3. Collected $27214 cash from accounts receivable 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percent of the cleaning revenue on account Required 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 2121 Rauno faremunteracaan At the end of haar Complete this question by entering your answers in the tabs below. 38 Ints Reg A1 Reg A2 ReqB Reqc References Determine the following amounts for the Year 2 accounting period. (Round your answers to nearest whole dolla S Net income Net cash flow from operating activities Balance of accounts receivable Net realizable value of accounts receivable 30,442 27 214 $

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