8o ar sales were on account with over 9oo customer accounts Bad ae Fan Tastc Sports Gear recorsed $3000 009 of sales last year and prowcts sales to indease by $360 000 in te c erpense was 526,187 y ast usng the percer or creet sales method and expected 0 75% oest raenee Aheatectble whafsine asor,e baustig entry ao provo,or oamna accounts an December 3., Round arcommanons the oea est dolar 014 Final Questions Shaded cells have feedb Fan-Tastic Sports Gear recorded $3,000 000 of sales last year and pr oyects sales to increase by S360.000 n the current year Last year, 80% of sales were on account, with over 300 customer accounts. Bad debt expense was $26,187 tic Sports Gear used the allowance method last year, and the allowance account at the end of the year had a debit balance of $2,190 The method and expected 0 75% of credit sales to be uncollectible. What is the company estimated uncollectible accounts expense using the percent of credit sales amount of the adjusting entry to provide for doubtful accounts on December 31? Round all computabons to the How much higher (lower) would Fan-Tastic Sports Gear's net income have been under method? (Enter0if there is no change ) by Using the allowance method, the net the r nearest dollar. S the allowance method assumption in (1) than under the direct write-off alowance method, the net realizable vakue of the receivables would appear on which financial statement