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5. Paid $16,000 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 $90,000 of services on account. 3. Provided $25,000 of services and collected cash. 4. Collected $72,000 cash from accounts receivable. 5. Paid $26,000 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 recelvable balance will be uncollectible. . Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stockholders' equity for Year 1. 5. Paid $16,000 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 $90,000 of services on account. 3. Provided $25,000 of services and collected cosh. 4. Collected $72,000 cash from accounts receivable. 5. Paid $26,000 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 recelvable balance will be uncollectible. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1. 2. Provided $90,000 of services on account: 3. Provided $25,000 of services and collected cash. 4. Collected $72,000 cash from accounts receivable. 5. Paid $26,000 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 bolance will be uncollectible. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Year 1. Required information [The following information applles to the questions displayed below] 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 $70,000 of services on account. 3. Provided $33,000 of services and received cash 4. Collected $37,000 cash from accounts recervable. 5. Paid $16.000 of salaries expense for the year: 6. Adjusted the accounting records to refect uncollectible accounts expense for the year. Leach estimates that 6 percent. of the ending accounts receivable balance will be uncollectible. Year 2 1. Wrote oft an uncollectible account for $2,700. 2. Provided $90,000 of services on account. 3. Provided $25,000 of services and collected cash 4. Collected $72,000 cash from accounts receivabie. 5. Paid $26,000 of solaries expense for the yoar. 6. Adjusted the accounts to refiect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts recoivable balance will be uncollectible

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