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 $31470 of cleaning services on account: 2 Collected $25.176 cash from accounts receivable 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be t percent of the cleaning revenue on account Events Affecting Year 2 1. Wrote off a $236 account receivable that was determined to be uncollectible 2. Provided $36,725 of cleaning services on account 3. Collected $32.502 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. 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 Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 ReqB Reqc Organize the transaction data in accounts under an accounting equation for year 1. (Enter any decrease with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank require entry. Round your answers to the nearest whole dollar.) ces ROSIE DRY CLEANING Accounting Equation for the Year 1 Balance Sheet Assets Equity Accounts Titles for Retained NRV Accounts Retained Earnings Receivable Earnings Event Cash N 1 2 3 ILI Bal Ree Req A2 > Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Reqc ht Organize the transaction data in accounts under an accounting equation for year 2. (Enter any decreas with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blan require entry. Round your answers to the nearest whole dollar.) nces ROSIE DRY CLEANING Accounting Equation for the Year 2 Balance Sheet Assets Equity Accounts Titles for Retained NRV Accounts Retained Earnings Receivable Earnings Event Cash Bal 1 2 3 +++++ + + + + + 4 111111 Bal nt Complete this question by entering your answers in the tabs belov nces Req A1 Req A2 Red B ReqC Determine the following amounts for the Year 1 accounting period. (Round Net income Net cash flow from operating activities Balance of accounts receivable Net realizable value accounts receivable