The following transactions apply to Jova for Year $2$:

Recognized $$320,000$ of service revenue on account.

Collected $$335,000$ from accounts receivable.

Determined that $$2,150$ of the accounts receivable were uncollectible and wrote them off.

Collected $$800$ of an account that had previously been written off.

Paid $$205,000$ cash for operating expenses.

Adjusted the accounts to recognize uncollectible accounts expense for Year $2$ Jova estimates uncollectible accounts expense will be $0\mathrm{.}5$ percent of sales on account.

Complete the following requirements for Year $1$ and Year $2.$ Complete all requirements for Year $1$ prior to beginning the requirements for Year $2.$

Problem $7-17$A $($Static$)$ Part d Year $1$

d$-1.$ Prepare the income statement, statement of changes in stockholders equity, balance sheet. Wnd statement of cash flows for Yea $1.$

Complete this question by entering your answers in the tabs below.

Income

Statement of

Statement

Changes

Balance Sheet

Cash Flows