Rosle 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 $30,660 of cleaning services on account 2. Collected $24,528 cash from accounts receivable 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be ? 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 $35,780 of cleaning services on account 3. Collected $31,665 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) 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. Req A1 Reg A2 Red B Reqc 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 Llabilities Equity NRV Retained Accounts Recevable Earnings Event Account Titles for Retained Earnings Cash 1. 2. +++ 3 0 Bal. 0 0 0 + Reg A2 > this question by entering your answers in the tabs below. Reg A1 Req AZ Req B 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.) ces ROSIE DRY CLEANING Accounting Equation for Year 2 Balance Sheet Assets Liabilities Equity NRV Accounts Retained Receivable Earnings + Event Account Titles for Retained Earnings Cash + Bal. 1. 2. . 3. 4. Bal. 0 + 0+ 0 (Reg A1 Req> VIT Book Complete this question by entering your answers in the tabs below. Hint Prine Reg A1 Reg A2 ReqB Reqc erences 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