Vulcan Service Company experienced the following transactions for Year 1, its first year of operations: 1. Provided $72,000 of services on account. 2. Collected $43,200 cash from accounts receivable. 3. Paid $26,000 of salaries expense for the year. 4. Adjusted the accounts using the following information from an accounts receivable aging schedule: Required 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