2, $5-8 (similar to) Part 1 of 2 HW Scor O Point ar (before adjusting entries). Donut Corporation had a balance of $82,000 in Accounts Receivable and dit) for the year totaled $440,000. - X ni Requirements Consider each of the following two independent situations. 1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Donut Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? 2. Now assume that Donut Corporation uses the aging-of-receivables method. Donut Corporation estimates that its Allowance for Uncollectible Accounts should have a credit balance of $18,000. Calculate the amount of its Uncollectible-Account Expense. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? help- Print Done $ 7 G Search or type URL % 25 96 & 7 R T Y U L C 88> 9 on list stion 1 K Part 1 of 2 O Points: 0 of 3 Save At the end of the current year (before adjusting entries), Donut Corporation had a balance of $82,000 in Accounts Receivable and a credit balance of $6,000 in Allowance for Uncollectible Accounts Service revenue (all on credit) for the year totaled $440,000 Read the men ation 2 Requirement 1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Donut Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? of uncollectible-account expense using the percent-of-sales method. The ending under this scenario Donut Corporation has ation 3 balance of the Allowance for Uncollectible Accounts is