Respuesta :
(1) Net income for 2018 is $44,550
Net cash flow from operating activities for 2018 is $39,000
Balance of accounts receivable for 2018 $6,000
Net realizable value of accounts receivable for 2018 is $5,550
2) Net income for 2019 is $61,380
Net cash flow from operating activities for 2019 is $61,000
Balance of accounts receivable for 2019 $1,000
Net realizable value of accounts receivable for 2018 is $5,930
(1) 2018
Net income for 2018
Cleaning services on account $45,000
Less Uncollectible accounts expense $450
(1%Ă—$45,000)
2018 Net income $44,550
(2) Net cash flow from operating activities for 2018
Net cash flow from operating activities for 2018=$39,000
(3) Balance of accounts receivable=$45,000-$39,000
Balance of accounts receivable $6,000
4)Net realizable value of accounts receivable
Net realizable value of accounts receivable =$6,000-$450
Net realizable value of accounts receivable =$5,550
2019
1) Net income for 2019
Cleaning services on account $62,000
Less Uncollectible accounts expense $620
(1%Ă—$62,000)
2019 Net income $61,380
2) Â Net cash flow from operating activities for 2019
Net cash flow from operating activities for 2019=$61,000
3) Balance of accounts receivable=$62,000-$61,000
Balance of accounts receivable $1,000
4) Net realizable value of accounts receivable
Net realizable value of accounts receivable =[($6,000-$300)+$1,000] -[$620+($450-$300)]
Net realizable value of accounts receivable=($5,700+$1,000) -($620+$150)
Net realizable value of accounts receivable=$6,700-$770
Net realizable value of accounts receivable=$5,930
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