(Solved): Rosie Dry Cleaning was started on January 1. Year 1. It experienced the following events during its ...

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 transaction data in accounts under an accounting equation for Year 1 . Note: Enter any decreases to occount balances with a minat sige. Not all cells requere iriput. 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. * Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the following amounts for the Year 1 accounting period. Note: Round your answers to nearest whble dollar amount. (8) Answer is not complete. Complete this question by entering your answers in the tabs below, Determine the following amouants for the Year 2 accounting period, Note; Round vour answers to nearest whole dollar amount