[The following information applies to the questions displayed below.] The following transactions apply to Jova Company for Year 1, the first year of operation: 1. Issued $19,000 of common stock for cash. 2. Recognized $61,000 of service revenue earned on account. 3. Collected $54,800 from accounts receivable. 4. Paid operating expenses of $37,400. 5. Adjusted accounts to recognize uncollectible accounts expense, Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be 2 percent of sales on account. The following transactions apply to Jova for Year 2 : 1. Recognized $68,500 of service revenue on account. 2. Collected $62,800 from accounts receivable. 3. Determined that $820 of the accounts receivable were uncollectible and wrote them off. 4. Collected $100 of an account that had previously been written off. 5. Paid $47,700 cash for operating expenses. 6. Adjusted the accounts to recognize uncollectible accounts expense for Year 2 . Jova estimates uncollectible accounts expense will be 1 percent of sales on account. Required: Complete the following requirements for Year 1 and Year 2. Complete all requirements for Year 1 prior to beginning the requirements for Year 2. Organize the transaction data in accounts under an accounting equation for Year 1. Note: Enter any decreases to account balances with a minus sign. Not all cells require input