Help Sa The following transactions apply to Jova Company for 2018, the first year of operation: 1. Issued $12.500 of common stock for cash. 2. Recognized $67,500 of service revenue earned on account. 3. Collected $60,000 from accounts receivable. 4. Paid operating expenses of $35,400. 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 2019: 1. Recognized $75,000 of service revenue on account. 2. Collected $68,000 from accounts receivable. 3. Determined that $950 of the accounts receivable were uncollectible and wrote them off. 4. Collected $300 of an account that had previously been written off. 5. Paid $49,000 cash for operating expenses. 6. Adjusted the accounts to recognize uncollectible accounts expense for 2019. Jova estimates uncollectible accounts expense will be 10 percent of sales on account. Required Complete the following requirements for 2018 and 2019. Complete all requirements for 2018 prior to beginning the requirements for 2019 complete this question by entering your answers in the tabs below Req D2 Inc Stmt Req D2 SE Req D2 Bal Reg D2 Stmt Sheet CF Prepare the income statement for 2019. JOVA COMPANY Income Statement For the Year Ended 2019 Expenses Total expenses Required information Complete this question by entering your answers in the tabs below. 5 of 5 Req D2 Inc Stmt Req D2 SE Reg D2 Bal Sheet Req D2 Stmt CF Prepare the statement of changes in stockholders' equity for 2019. Book JOVA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended 2019 Beginning common stock Print Hences Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity