Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of erection Events Affecting Year 1 1. Provided $30,680 of cleaning services on account 2. Collected $24,544 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 $230 account receivable that was determined to be uncollectible 2. Provided $35.801 of cleaning services on account 3. Collected $31687 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 Record the events for Year 1 and Year 2 in T-accounts b. Determine the following amounts (1) Net Income for Yeart (2) Net cash flow from operating activities for Yeart (3) Balance of accounts receivable at the end of Yeart (4) Net realizable value of accounts receivable at the end of Yeart e. Repeat Requirements for the Year 2 accounting period Complete this question by entering your answers in the tabe below. Required A Required B Required Record the events for Year 1 and Year 2 in T-accounts (Round your answers to rest whole dar) Retaine Earnings c. Repeat Requirements b for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the events for Year 1 and Year 2 in T-accounts. (Round your answers to nearest whole dollar.) Cash Retained Earnings Year 1 Beg Bal Year 2 End. Bai. Accounts Receivable Service Revenue Year 1 2. Collected $24,544 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be percer of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $230 account receivable that was determined to be uncollectible. 2. Provided $35,804 of cleaning services on account. 3. Collected $31, 687 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 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 Requirements for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required equired Determine the following amounts (Round your intermediate calculations to nearest whole dollar.) 1 Nec 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 Seved 2. Collected $24,544 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 $230 account receivable that was determined to be uncollectible. 2. Provided $35.804 of cleaning services on account 3. Collected $31,687 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. Record the events for Year 1 and Year 2 in T-accounts b. Determine the following amounts: (1) Net Income for Year 1 (2) Net cash flow from operating activities for Yeart (3) Balance of accounts receivable at the end of Year 1 (4) Net realizable value of accounts receivable at the end of Yeart c. Repeat Requirements for the Year 2 accounting period. Complete this question by entering your answers in the tabs below. Required A Required Required Repeat Requirements for the Year 2 accounting period. (Round your intermediate calculations to nearest whole dar) 01 Net Income for Year 2 Netcash flow from operating s ites for Year 2 14) Netreble value of accounts receivable at the end of Year 2 Required B .*, 20, 3800 * ta a Too