Sage Inc. experienced the following transactions for Year 1, its first year of operations:

Sage inc, experienced the following transactions for Year 1, its first year of operations: 1. Issued common stock for $90,000 cash. 2. Purchased $200,000 of merchandise on account. 3. Sold merchandise that cost $166,000 for $330,000 on account 4. Collected $300,000 cash from accounts recelvable. 5. Paid $180,000 on accounts payable. 6. Paid $54,000 of salaries expense for the year. 7. Paid other operating expenses of $70,000. 8. Sage adjusted the accounts using the following information from an accounts receivable aging schedule: Required Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet and statement of cash flows for Soge Inc, for Year 1 . c. What is the netrealizable value of the accounts receivable at December 31. Year 1 ? Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. if the fronunts Titim for Retained Earnings, leave the cell blank.) Complete this question by entering your answers in the tabs below. Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus Accounts Titles for Retained Earmings, leave the cell blank.) Complete this question by entering your answers in the tabs below. Prepare the income statement for Sage inc. for Year 1. Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stockholders' equity for Sage Inc. for Year 1 . Prepare the balance sheet for Sage Inc. for Year 1. (Be sure to Ist the assets in the order of their liquidity.) Prepare the statement of cash flows for Sage inc, for Year 1. (Cash outflows should be indicated with a minus sign.) 7. Paid other operating expenses of $70,000. 8. Sage adjusted the accounts using the following information from an accounts recelvable aging schedule: Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet and statement of cash flows for Sage Inc. 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. What is the net realizable value of the accounts recelvable at December 31 , Year 1