Save & Exit Required information The following information applies to the questions displayed below! Check my Leach Inc, experienced the following events for the first two years of its operations: 14 Year 1: 1. Issued $10,000 of common stock for cash 2. Provided $78,000 of services on account 3. Provided $36,000 of services and received cash 4. Collected $69.000 cash from accounts receivable 5. Paid $38,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible, Year 2: 1. Wrote off an uncollectible account for $650 2. Provided $88,000 of services on account 3. Provided $32,000 of services and collected cash 4. Collected $81,000 cash from accounts receivable 5. Paid $65,000 of salaries expense for the yean 6. Adjusted the accounts to reflect uncollectible, accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible