Year 1: 1 Issued $10.000 of common stock for cash 2. Provided $100.000 of services on account, 3 Provided $25.000 of services and received cash 4 Collected $75.000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year 6 Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible Year 2 Wrote off an uncollectible account for $710, 2. Provided $120,000 of services on account 3. Provided $15.000 of services and collected cash. 4. Collected $102,000 cash from accounts receivable. 5. Paid $22.000 of salaries expense for the year 6. Adjusted the accounts to reflect uncollectible accounts expense for the year Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. Exercise 5-9A (Algo) Part d d-1. Organize the transaction data in accounts under an accounting equation. d-2 Prepare an income statement for Year 2 d-3. Prepare the statement of changes in stockholders' equity for Year 2 d-4, Prepare the balance sheet for Year 2. d-5. Prepare the statement of cash flows for Year 2. d-6. What is the net realizable value of the accounts receivable at December 31, Year 2 Complete this question by entering your answers in the tabs below. Req D1 Req D2 Req D3 Req D4 Req D5 Req D6 Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is no eff on the Accounts Titles for Retained Earnings, leave the cell blank, Round your answers to the nearest whole dollar.) LEACH INC Accounting Equation for the Year 2 Assets Equity Event NRV Liabilities Common Retained Cash Accounts Receivable Accounting Titles for Retained Earnings Stock Earnings Bal 28.000 23.250 1 DO 2 00 3 15,000 120,000 - 00 4. 102,000 (102,000) 5. (22.000) 109 6. (1.050) 0000000 10,000+ 101.250 120,000 Service revenue 00+ 15.000 Service revenue 0+ 000 (22.000) Salaries expense (1.050) Uncollectible accounts expense Bal 183,000 40,200 0 10.000 213,200 Req D2 > 0000 Prepare an income statement for year 2. (Round your intermediate calculations and final an LEACH INC. Income Statement For the Year Ended December 31, Year 2 Service revenue $135,000 Operating expenses Salaries expense $ 22,000 Uncollectible accounts expense (2.460) Total operating expenses 19,540 Net income LEACH INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31. Year 2 Beginning common stock $ 10,000 Plus: Common stock issued Ending common stock Beginning retained earnings $ 101.250 Plus: Net income Ending retained earnings Total stockholders' equity $ 10,000 101,250 $ 111,250 Prepare the balance sheet for Year 2. (Round your intermediate calculations and final answers to the neares LEACH INC Balance Sheet As of December 31, Year 2 Assets Cash Accounts receivable Less Allowance for doubtful accounts Total assets Liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 10,000 Den 12 $183,000 0 $ 183,000 10.000 $ 10,000 LEACH INC. Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities Inflow from customers Outflow for expenses Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Plus Beginning cash balance Ending cash balance $117,000 (22.000) $ 95,000 95,000 88,000 $ 183.000 Complete this question by entering your answers in the tabs below. Req D1 Req D2 Req D3 Req D4 Req D5 Req D6 What is the net realizable value of the accounts receivable at December 31, Year 2? (Round your im and final answer to the nearest whole dollar.) Net realizable value