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 $$31,220$ of cleaning services on account.

$2.$ Collected $$24,976$ 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 $$234$ account receivable that was determined to be uncollectible.

$2.$ Provided $$36,434$ of cleaning services on account.

$3.$ Collected $$32,244$ 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:

$*$ Organize the transaction data in accounts under an accounting equation for each year.

$*$ 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 $1.$

$*$ 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 $2.$