Ret 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 not complete Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg Reqc Organize the transaction data in accounts under an accounting equation for Year 1. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 1 Balance Sheet Assets Liabilities Equity Account Titles for Retained Event NRV Retained Earnings Cash Accounts Earnings Receivable 1 45,000 45,000 Service revenue 2. 39.000 (39.000) = 450 3. (450) Uncollectible accounts expense 39,000 Bal 6,000 450 = 44,550 + + + . 1 Reg A2 > (2) Net can now from operating activides 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 not complete Complete this question by entering your answers in the tabs below. Req AI Reg A2 Reqs Reqc Organize the transaction data in accounts under an accounting equation for Year 2. (Enter any decreases to account balances with a minus sign. Not all cells require input.) ROSIE DRY CLEANING Accounting Equation for Year 2 Balance Sheet Assets Event Liabilities Equity NRV Account Tities for Retained Earnings Cash Accounts Retained Receivable Earnings Bal . + (300) . . 1. 2 3 4 (300) = 62.000 - (61,000) + 62,000 Service revenue . 61,000 620 (620) Uncollectible accounts expense 61 380 Bal 61,000 700 Rosle 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 $45,000 of cleaning services on account. 2. Collected $39,000 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 $300 account receivable that was determined to be uncollectible. 2. Provided $62,000 of cleaning services on account. 3. Collected $61,000 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 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