Roth Service Co. experienced the following transactions for Year 1, its first year of operations: 1. Provided $68,000 of services on account. 2. Collected $38,400 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: Percent Likely to Be Allowance Number of Days Past Due Amount Uncollectible Balance. Current $15,500 0.01 0-30 6,000 0.05 31-60 3,200 0.10 61-90 1,400 0.30 Over 90 days 3,500 0.50 Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Co. for Year 1. c. What is the net realizable value of the accounts receivable at December 31, Year 1? Complete this question by entering your answers in the tabs below. Required A Required B Required C Complete this question by entering your answers in the tabs below. Required A Required B Required C Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entr ROTH SERVICE CO. Horizontal Statements Model Equity NRV Accounts Liabilities +Retained Receivable Assets Event Cash 1. 2. 3. + Accounts Titles for Retained Earnings Earnings 4. Bal. Required A Required B Required C Prepare an income statement for Roth Service Co. for Year 1. ROTH SERVICE CO. Income Statement For the Year Ended December 31, Year 1 Operating expenses Total operating expenses Percent Likely to Be Number of Days Past Duel Amount Uncollectible Allowance Balance Current $15,500 0.01 0-30 6,000 0.05 31-60 3,200 0.10 61-90 1,400 0.30 Over 90 days 3,500 0.50 9 Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Co. for Year 1. c. What is the net realizable value of the accounts receivable at December 31, Year 1? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the net realizable value of the accounts receivable at December 31, Year 1? Net realizable value < Required B Required C >