1. If Puddle Incorporated had total Accounts Receivable at the end of 2019 of $630 million and an allowance for uncollectible accounts of $16 million show the effect of the following in the accounting equation worksheet for 2020: . Sales on credit of $4,315 million during the year . Collection of accounts receivable of $4, 190 million during the year . Write off of uncollectible accounts of $14 million during the year . An increase in the allowance for uncollectible accounts to 3% of total accounts receivable from customers Required: a. Calculate how much customers actually owe to Puddle at the end of 2020. b. Calculate how much is estimated will not be collected by Puddle at the end of 2020. c. State how much expenses increased due to the estimate of uncollectible accounts. d. How much would Puddle show as the amount they actually plan to collect (Accounts Receivable, Net) 2. If ZZBest Corp. has current assets of $24 million and current liabilities of $15 million what is the impact on the current ratio of the following transactions? Each situation is independent. a. Purchase of inventory costing $2 million on credit. b. Sell inventory costing $2 million for a sales price of $3 on credit. c. Borrowing $10 million in cash from bank that will be repaid in 5 years. d. Pay cash for a prepaid insurance policy costing $1 ion and covering one year. tements tell us about the profitability of a company