Year 1 . 1. Issued $20,000 of common stock for cash. 2. Provided $89,000 of servces on account. 3. Provided $46,000 of services and recelved cash 4. Collected $79,000 cash from accounts recelvable. 5. Paid $48,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectuble accounts expense for the year Leach estimates that 4 percent of the ending accounts recelvable balance will be uncollectuble. 7. Closed the revenue account. 8. Closed the expense accounts Year 2 1. Whate off an uncollectible account for $1,150. 2. Provided $98,000 of services on account. 3. Provided $42,000 of services and collected cash. 4. Collected $91,000 cash from accounts recelvable. 5. Pald $75,000 of salaries expense for the year 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 4 percent of the ending accounts recelvable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense accounts. Exercise 7-7A (Algo) Port d d. Record the Year 2 events in general joumal form and post them to T-accounts, Prepare the income stafement, statement of changes in stockholders equity, balance sheet, and statement of cash fiows for Year 2 . What is the net realizable value of the accounts: tecelvable at December 31 , Year 2