Vulcan Service Company experlenced the following transactions for Year 1, Its first year of operations: 1. Provided $78,000 of services on account. 2. Collected $46,800 cash from accounts recelvable. 3. Pald $28,000 of salarles expense for the year. 4. Adjusted the accounts using the following Information from an accounts recelvable aging schedule: Requlred 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 recelvable at December 31, Year 1 ? Complete this question by entering your answers in the tabs below. Post the entries to the T-accounts. (Round your intermediate calculations and final answers to nearest whole dollar.)