Question: Prepare the statement of cash flows for Year 2. Note: Amounts to be deducted and cash outflows should be indicated with a minus sign. Prepare






Prepare the statement of cash flows for Year 2. Note: Amounts to be deducted and cash outflows should be indicated with a minus sign. Prepare the statement of changes in stockholders' equity for Year 2. Note: Round your intermediate calculations and final answers to the nearest whole dollar. What is the net realizable value of the accounts receivable at December 31 , Year 2 ? Note: Round your intermediate calculations and final answer to the nearest whole dollar Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Year 2 . Note: Round your intermediate calculations and final answers to the nearest whole dollar. Organize the transaction data in accounts under an accounting equation for Year 2. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Round your intermediate calculations an nearest whole dollar. Leach Incorporated 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 $27,000 of services and received cash. 4. Collected $43,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 7 percent of the ending accounts receivable balance will be uncollectible. Year 2: 1. Wrote off an uncollectible account for $2,540. 2. Provided $90,000 of services on account 3. Provided $20,000 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 7 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 recelvable at December 31, Year 2? Prepare an income statement for Year 2. Note: Round your intermediate calculations and final answers to the nearest whole dollar
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