11 ALGO 12. ALGO 16.ALGO Year Sales 1st $1,330,000 17 ALGO Uncollectible Accounts Year of Origin of Accounts Receivable Written Off as Uncollectible Written Off 1st 2nd 3rd 4th $1,200 $1,2001 2nd 1,740,000 2,950 1,400 $1,550 4th 3rd 2,870,000 3,400,000 12,500 3,600 2,900 $6,000 16,650 3,850 5,650 $7,150 Required: 20.ALGO 22 ALGO 28 01 ALGO 02 ALGO 9.03 ALGO 1. Assemble the desired data. Enter a decrease in the amount of expense as a negative number and all other amounts as positive numbers. Call Systems Company Bad Debt Expense Expense Expense Actually Based on Year Reported Estimate Increase Balance (Decrease) of Allowance in Amount Account, of Expense End of Year 1st 2nd 3rd 4th 1,200 2. Experience during the first four years of operations indicated that the receivables were either collected within two years or had to be written off as uncollectible. Do the estimate of W% of sales appear to be reasonably rinse to the