The following information applies to the questions dispioyed below] Leach Incorporated experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash. 2. Provided $70.000 of services on account 3. Provided $25,000 of services and received cash. 4. Collected $45,000 cash from occounts receivable. 5. Paid $22,000 of salaries expense for the year, 6. Adjusted the accounting records to reflect tincollectible occounts expense for the year Leach estimates that 6 percehi of the ending accounts recelvable balance will be uncollectible. Year 2 1. Wrote off an uncolectible account for $2.630 2. Provided $90,000 of services on account. 3. Provided $25.000 of services and collected cosh. 4. Collected 572,000 cosh from accounts receivable 5. Peid $30,000 of salaries expense for the year, 6. Adjusted the occounts to reflect uncollectible accounts expense for the yeor Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. 3. Prepore the income stotement statement of changes in stockholders' equity, bolonce sheet, and stotement of cosh fiows for rear 1 . Prepare an incoms statement for Year-1. Prepare the statement of changes in stockholders' equity for Year 1 . Prepare the balance sheet for Year 1. Complete this question by enterine youir arwwers in the tabs below. Prepare the statement of cash flows for Yoar 1 . Note: Amrounts to be deducted and cash otifilowe should be indicated with it minur align. The following information applies to the questions dispioyed below] Leach Incorporated experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash. 2. Provided $70.000 of services on account 3. Provided $25,000 of services and received cash. 4. Collected $45,000 cash from occounts receivable. 5. Paid $22,000 of salaries expense for the year, 6. Adjusted the accounting records to reflect tincollectible occounts expense for the year Leach estimates that 6 percehi of the ending accounts recelvable balance will be uncollectible. Year 2 1. Wrote off an uncolectible account for $2.630 2. Provided $90,000 of services on account. 3. Provided $25.000 of services and collected cosh. 4. Collected 572,000 cosh from accounts receivable 5. Peid $30,000 of salaries expense for the year, 6. Adjusted the occounts to reflect uncollectible accounts expense for the yeor Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. 3. Prepore the income stotement statement of changes in stockholders' equity, bolonce sheet, and stotement of cosh fiows for rear 1 . Prepare an incoms statement for Year-1. Prepare the statement of changes in stockholders' equity for Year 1 . Prepare the balance sheet for Year 1. Complete this question by enterine youir arwwers in the tabs below. Prepare the statement of cash flows for Yoar 1 . Note: Amrounts to be deducted and cash otifilowe should be indicated with it minur align