[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: Issued $28,000 of common stock for cash. Provided $97,800 of services on account. Provided $54,000 of services and received cash. Collected $87,000 cash from accounts receivable. Paid $56,000 of salaries expense for the year. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 4 percent of the ending accounts receivable balance will be uncollectible. Closed the revenue account. Closed the expense account. Year 2: Wrote off an uncollectible account for $850. Provided $106,000 of services on account. Provided $50,000 of services and collected cash. Collected $99,000 cash from accounts receivable. Paid $83,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 4 percent of the ending accounts receivable balance will be uncollectible.