9) Which of the following is an accounting procedure that (1) estimates and reports bad debts expense from credit sales during the period the sales are recorded, and (2) reports accounts receivable at the estimated amount of cash to be collected? A) Allowance method of accounting for bad debts B) Cash basis method of accounting for bad debts. C) Direct write-off method of accounting for bad debts. D) Adjustment method for uncollectible debts. E) Aging of notes receivable Zippy is earning $25,000 per year working for Joe's Car Repair. He also has savings of $150,000, on which he is ear annual interest. He decides to leave Joe's Car Repair to invest his savings in starting his own car repair busines In the first year, Zippy's Speedy Car Repair earns revenues of $300,000 and has explicit costs of $150,000 profit (or loss) in the first year is $ (Round your answer to the nearest dollar) your answer in the answer box