[The following information applies to the questions displayed below.]

Leach Inc. 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 $90,000 of services on account.
3. Provided $27,000 of services and received cash.
4. Collected $63,000 cash from accounts receivable.
5. Paid $20,000 of salaries expense for the year.
6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible.

Year 2:

1. Wrote off an uncollectible account for $660.
2. Provided $110,000 of services on account.
3. Provided $20,000 of services and collected cash.
4. Collected $92,000 cash from accounts receivable.
5. Paid $22,000 of salaries expense for the year.
6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible.
12. d-1. Organize the transaction data in accounts under an accounting equation.
13. d-2. Prepare an income statement for Year 2.
14. d-3. Prepare the statement of changes in stockholders' equity for Year 2.
15. d-4. Prepare the balance sheet for Year 2.
16. d-5. Prepare the statement of cash flows for Year 2.
17. d-6. What is the net realizable value of the accounts receivable at December 31, Year 2?