[The following information epplies to the questions displayed below] Leach incorporbted experienced the following events for the first two years of its eperatons. Year 1: 1. Issued $16,000 of common stock for cash. 2. Provided $84,600 of services on account 3. Provided $42.000 of services and recelved cash. 4. Collected 575.000 cash trom eccounts receivable. 5. Paid $44,000 of solaties expense for the year. 6. Adjusted the accounting records to refiect incollectibie accounts oxpense for the year teech estimates that 5 percent of the ending accounts recervable balance will be uncollectble. 7. Closed the revenue account. 8. Closed the expense accounts Year 2 1. Wrote off an uncolloctible account for $950 2. Provided 594,000 of services on account 3. Provided $38,000 of services and coliected cash. 4. Collocted $87,000 cash from accounts receivabie. 5. Paid $71000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense tor the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense accounts: d. Recogd the Year 2 events in general journal form and post them to T-accounts. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 2 . What is the net realizable value of the accounts receivable at December 31, Year 2? [The following information epplies to the questions displayed below] Leach incorporbted experienced the following events for the first two years of its eperatons. Year 1: 1. Issued $16,000 of common stock for cash. 2. Provided $84,600 of services on account 3. Provided $42.000 of services and recelved cash. 4. Collected 575.000 cash trom eccounts receivable. 5. Paid $44,000 of solaties expense for the year. 6. Adjusted the accounting records to refiect incollectibie accounts oxpense for the year teech estimates that 5 percent of the ending accounts recervable balance will be uncollectble. 7. Closed the revenue account. 8. Closed the expense accounts Year 2 1. Wrote off an uncolloctible account for $950 2. Provided 594,000 of services on account 3. Provided $38,000 of services and coliected cash. 4. Collocted $87,000 cash from accounts receivabie. 5. Paid $71000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense tor the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense accounts: d. Recogd the Year 2 events in general journal form and post them to T-accounts. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 2 . What is the net realizable value of the accounts receivable at December 31, Year 2