Year 1: Issued $10,000 of common stock for cash. Provided $60,000 of services on account. Provided $31,000 of services and received cash. Collected $29,000 cash from accounts receivable. Paid $16,000 of salaries expense for the year. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. Year 2: Wrote off an uncollectible account for $2,590. Provided $80,000 of services on account