#1. Spade agency separated its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. Aging Group Amount Estimated Uncollectible Accounts not yet due $25,000 4% Accounts 1-60 days past due $10,000 25% Accounts more that 60 days $5,000 50% past due In addition, the balance of Allowance of Uncollectible Accounts (AUA) before adjustment is $1,000 (credit). Compute the total estimated uncollectible accounts and record the year-end adjustment. #2. On October 1, 2021, Oberley Corporation loans one of its employees $40,000 and accepts a 12-month, 9% note receivable. Calculate the amount of interest revenue Oberley will recognize in 2021 and 2022