Required information Part 2 of 4 (The following information applies to the questions displayed below.] Leach Inc. experienced the following events for the first two years of its operations: 10 Year 1:...

Answer full question please.

Extracted text: Required information Part 2 of 4 (The following information applies to the questions displayed below.] Leach Inc. experienced the following events for the first two years of its operations: 10 Year 1: polnts 1. Issued $10,000 of common stock for cash. 2. Provided $78,000 of services on account. 3. Provided $36,000 of services and received cash. 4. Collected $69,000 cash from accounts receivable. 5. Paid $38,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. eBook Hint Year 2: Print 1. Wrote off an uncollectible account for $650. 2. Provided $88,000 of services on account. 3. Provided $32,000 of services and collected cash. 4. Collected $81,000 cash from accounts receivable. 5. Paid $65,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. References


Extracted text: Part 2 of 4 b. Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. 10 Complete this question by entering your answers in the tabs below. polnts Reg B Inc Stmt Reg B Bal Sheet Reg B Stmt Cash Flows Reg B Stmt SE eBook Prepare an income statement for Year 1. LEACH INC. Hint Income Statement For the Year Ended December 31, Year 1 Print Operating expenses References Total operating expenses Reg Inc Stmt Req B Stmt SE >