Vulcan Service Company experienced the following transactions for Year 1, its first year of operations: 1. Provided $68,000 of services on account. 2. Collected $40,800 cash from accounts receivable. 3. Paid $30,000 of salaries expense for the year. 4. Adjusted the accounts using the following information from an accounts receivable aging schedule: Number of Days Past Due Current 0 to 30 31 to 60 61 to 90 Over 90 days Required Percent Likely to Be Allowance Amount Uncollectible Balance $20,128 0.01 1,360 0.05 1,904 0.10 1,632 0.30 2,176 0.50 a. Record the given transactions in general journal form and post to T-accounts. b. Prepare the income statement for Vulcan Service Company for Year 1. c. What is the net realizable value of the accounts receivable at December 31, Year 1? Complete this question by entering your answers in the tabs below. Required A General Journal Required A T Accounts Required B Required C Post the entries to the T-accounts. (Round your intermediate calculations and final answers to nearest whole dollar.) Beginning Balance Ending Balance Cash Service Revenue Beginning Balance Ending Balance