On February 28, Signa, Inc., had a $75.000 debit balance in Accounts Receivable. During March. Signa made sales of $445,000, all on credit. Other data for March include Collections on account. $422.600. Required Write-offs of uncollectible receivables. $3,500. 1. Record sales and collections on account. Then record uncollectible-account expense for March using the direct write-off method. Post to Accounts Receivable and Uncollectible- Account Expense and show their balances at March 31. 2. Record sales and collections on account. Then record uncollectible-account expense and write-offs of customer accounts for March using the allowance method. Show all March activity in Accounts Receivable, Allowance for Uncollectible Accounts, and Uncollectible- Account Expense (post to these T-accounts). The February 28 unadjusted balance in Allowance for Uncollectible Accounts was $800 (debit). Uncollectible-account expense was estimated at 2% of credit sales. 3. What amount of uncollectible-account expense would Signa. Inc.. report on its March income statement under the two methods? Which amount better matches expense with revenue? Give your reason. 4. What amount of net accounts receivable would Signa. Inc., report on its March 31 bal- ance sheet under the two methods? Which amount is more realistic? Give your reason.