2. The Lead Auditor has asked you to conduct re-performance testing which requires you to manually execute the control, such as re-performing a calculation that a system automatically calculates. Below are the following transactions that occurred during the audit period: Date Transactions March 14, 2019 Received 75% of the $20,000 balance owed by Webb Co., a bankrupt, business. Wrote off remainder as uncollectible. April 20, 2019 Reinstated the account of Zorn Co., which had been written off in the preceding year as uncollectible. Received $5,225 cash as full payment of Zorn's account. May 27, 2019 Wrote off the $2,500 balance owed by Schmich Inc., which had no assets. June 30, 2019 Based on an analysis of Accounts Receivable, it is determined that $11,500 will become uncollectible. The balance in Allowance for Doubtful Accounts on December 31 prior to adjustment is $200. Prepare the necessary T-Accounts for the transactions. Determine balance in Allowance for Doubtful Accounts after adjustments. Determine the Net Realizable Value of Accounts Receivable if the balance of the Accounts Receivable is $62,000, Redo the entry for 06/30 if the percent of sales method had been used to estimate uncollectible accounts expense at the rate of 7 of 1% of net sales of $2,000,000