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 $26,410 of cleaning services on account. 2. Collected $21,128 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 $198 account receivable that was determined to be uncollectible. 2. Provided $30,820 of cleaning services on account 3. Collected $27,276 cash from accounts receivable. 4. Adlisted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account Required 3. Organize the transaction data in accounts under an accounting equation for each year. 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. Determine the following amounts: (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 Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 ReqB Req Organize the transaction data in accounts under an accounting equation for Year 1. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 1 Balance Sheet Assets Liabilities Equity NRV Accounts Retained Recolvable Earnings Event Cash Account Titles for Retained Earnings 1. 2 3 Bal. +++ 0 0 0 + 0 GA Req A2 > Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 ReqB Reqc Organize the transaction data in accounts under an accounting equation for Year 2. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 2 Balance Sheet Event Assets Liabilities Equity Account Titles for Retained Cash NRV Accounts Retained Earnings Receivable Earnings Bal 1. + 2 + + 3. 4. ++ Bal. 0 0 + 0 Complete this question by entering your answers in the tabs below. Reg A1 Req A2 ReqB ReqC Determine the following amounts for the Year 1 accounting period. (Round your answers to nearest whole dollar amount.) Net income Net cash flow from operating activities Balance of accounts receivable Net realizable value of accounts receivable Reg A2 Reqc > 2:02 14) Net realizable value of accounts receivable at the end of Year 2. 2. Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Reg B Rea Determine the following amounts for the Year 2 accounting period. (Round your answers to nearest whole dollar amount.) Net Income Net cash flow from operating activities Balance of accounts receivable Net realizable value of accounts receivable