Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events...

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Accounting

Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation:
Events Affecting Year 1
Provided $31,320 of cleaning services on account.
Collected $25,056 cash from accounts receivable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleanin revenue on account.
Events Affecting Year 2
Wrote off a $235 account receivable that was determined to be uncollectible.
Provided $36,550 of cleaning services on account.
Collected $32,347 cash from accounts receivable.
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleanin revenue on account.
Required:
a. Organize the transaction data in accounts under an accounting equation for each year.
b. Determine the following amounts:
(1) Net income for Year 1.
(2) Net cash flow from operating activities for Year 1.
(3) Balance of accounts receivable at the end of Year 1.
(4) Net realizable value of accounts receivable at the end of Year 1.
c. Determine the following amounts:
(1) Net income for Year 2.
(2) Net cash flow from operating activities for Year 2.
(3) Balance of accounts receivable at the end of Year 2.
(4) Net realizable value of accounts receivable at the end of Year 2.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Req A1
Req A2
Req B
Req C
Determine the following amounts for the Year 2 accounting period.
Note: Round your answers to nearest whole dollar amount.
\table[[Net income,$36,185*
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