Roth Service Co. experienced the following transactions for 2018, its first year of operations:

1. Provided $70,000 of services on account.
2. Collected $39,200 cash from accounts receivable.
3. Paid $26,000 of salaries expense for the year.
4. Roth adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Past Due	Amount			Percent Likely to Be Uncollectible		Allowance Balance
Current	$	17,000		0.01
0-30		5,500		0.05
31-60		3,400		0.10
61-90		1,100		0.30
Over 90 days		3,800		0.50

Required

1. Organize the transaction data in accounts under an accounting equation.
2. Prepare an income statement for Roth Service Co. for 2018.
3. What is the net realizable value of the accounts receivable at December 31, 2018?