Question: Really need help with this problem. Thanks! c. What is the net realizable value of the accounts receivable at December 31 , Year 1 ?

Really need help with this problem. Thanks!
Really need help with this problem. Thanks! c. What is the net
realizable value of the accounts receivable at December 31 , Year 1
? Complete this question by entering your answers in the tabs below.
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. Prepare an income statement for Year
1. LEACH INCORPORATED Statement of Cash Flows For the Year Ended December
31, Year 1 \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities \\ \hline
& & \\ \hline & & \\ \hline Net cash flow from
operating activitios & & \\ \hline Cash flows from investing activities &
& \\ \hline Cash flows from financing activities & & \\ \hline
& & \\ \hline & & \\ \hline Net change in cash
& & \\ \hline & & \\ \hline Ending cash balance &
& \\ \hline \end{tabular} Ending cash balance d-1. Organize the transaction data

c. What is the net realizable value of the accounts receivable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. 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. Prepare an income statement for Year 1. LEACH INCORPORATED Statement of Cash Flows For the Year Ended December 31, Year 1 \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities \\ \hline & & \\ \hline & & \\ \hline Net cash flow from operating activitios & & \\ \hline Cash flows from investing activities & & \\ \hline Cash flows from financing activities & & \\ \hline & & \\ \hline & & \\ \hline Net change in cash & & \\ \hline & & \\ \hline Ending cash balance & & \\ \hline \end{tabular} Ending cash balance 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. 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 calc nearest whole dollar. LEACH INCORPORATED Accounting Equation for Year 2 Prepare the statement of cash flows for Year 2. Note: Amounts to be deducted and cash outflows should be indicated with a minus sign. LEACH INCORPORATED Balance Sheet As of December 31, Year 1 Total liabilies and stockholders' equity Req B Statement Cash Flows 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 $80,000 of services on account. 3. Provided $25,000 of services and recelved cash. 4. Collected $55,000 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 6 percent of The ending accounts recelvable balance will be uncollectible. Year 2: 1. Wrote off an uncollectible account for $2,700. 2. Provided $100,000 of services on account. 3. Provided $20,000 of services and collected cash. 4. Collected $82,000 cash from accounts receivable. 5. Paid $22,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollectible. Prepare the statement of changes in stockholders' equity for Year 1 . Required: a. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. LEACH INCORPORATED Income Statement For the Year Ended December 31, Year 2 \begin{tabular}{|l|l|l|} \hline & \\ \hline & & \\ \hline & & \\ \hline Ooperating expenses & & \\ \hline & Req Di & \\ \hline & Req D3 > \\ \hline \end{tabular} rrepare the balance sneet tor year . Note: Round your intermediate calculations and final answers to the nearest whole dollar. Prepare the statement of changes in stockholders' equity for Year 2. Note: Round your intermediate calculations and final answers to the nearest whole dollar

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