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Required information [The following information applies to the questions displayed below. Leach Inc. experienced the following events for the first two years of its operations: Year 1: 1. Issued $10,000 of common stock for cash. 2. Provided $70,000 of services on account. 3. Provided $31,000 of services and received cash. 4. Collected $39,000 cash from accounts receivable. 5. Paid $18,000 of salaries expense for the year. 6. 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 1. Wrote off an uncollectible account for $750. 2. Provided $90,000 of services on account. 3. Provided $30,000 of services and collected cash. 4. Collected $72,000 cash from accounts receivable. 5. Paid $28,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible, d-1. Organize the transaction data in accounts under an accounting equation for Year 2. 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 Reg D2 Req D3 Req D4 Req 05 Req D6 Organize the transaction data in accounts under an accounting equation for Year 2. (Enter any decreases to account "Accounts Titles for Retained Earnings" column may require an input - leave cells blant if there is no corresponding LEACH INC. Accounting Equation for the Year 2 Equity Liabilities + Common Retained Allowance stock Earnings Assets Accounts Receivable Event Cash Accounting Titles for Earnings Bal TPPIVATIP HIP PAT !! Required information compiere this question by entering your answers in the tabs Deow. Reg D1 Req D2 Req D3 Req 04 Req D5 Reg D6 Organize the transaction data in accounts under an accounting equation for Year 2. (Enter any decreases to account balances wit "Accounts Titles for Retained Earnings" column may require an input - leave cells blank if there is no corresponding Retained Earn LEACH INC. Accounting Equation for the Year 2 Equity Liabilities Common Allowance Retained stock Earnings Assets Accounts Receivable Event Cash Accounting Titles for Retained Earnings + Bal + 1 2 3. + + + + + + + 1111 4 5 1 6 Bal. 0 0 0 + 0 question by entering your answers in the caps Delow. Req Di Rell D2 Req D3 Req D4 Reg D5 Reg D6 Prepare an income statement for Year 2. (Round your intermediate calculations and final answ dollar.) LEACH INC. Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses piete this question by entering your answers in the caps Delow. Req D1 Req D2 Rely D3 Req D4 Req D5 Req D6 Prepare the statement of changes in stockholders' equity for Year 2. (Round your intermediate calculati to the nearest whole dollar.) LEACH INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock $ $ 0 Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ 0 Required information 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 Reg D2 Req D3 Reg D4 Req D5 Req D6 What is the net realizable value of the accounts receivable at December 31, Year 2? (Round your intermediate calcula and final answer to the nearest whole dollar.) Net realizable value piete this question by entering your answers in the caps Delow. Req D1 Req D2 Rely D3 Req D4 Req D5 Req D6 Prepare the statement of changes in stockholders' equity for Year 2. (Round your intermediate calculati to the nearest whole dollar.) LEACH INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock $ $ 0 Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ 0 Required information 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 Reg D2 Req D3 Reg D4 Req D5 Req D6 What is the net realizable value of the accounts receivable at December 31, Year 2? (Round your intermediate calcula and final answer to the nearest whole dollar.) Net realizable value

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