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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 1. Provided $32,560 of cleaning services on account. 2. Collected $26,048 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $244 ackount receivable that was determined to be uncollectible. 2. Provided $37,998 of cleaning services on account. 3. Collected $33,628 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning 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 recelvable at the end of Year. 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. Complete this question by entering your answers in the tabs below. Organize the trancaction data in accounts under an accounting equation for Year 1. Note: Enter any decreases to occount balances with a mindis slge. Not all gells nequare input. Complete this question by entering your answers in the tabs below. Organize the trensaction data in accounts under an accounting equation for vear 2 . Note: Enter any decreases to account balances with a minus sign. Not all cells require input

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