9.09 points Grover Inc. uses the allowance method to account for uncollectible accounts expense. Grover, Inc. experienced the following four accounting events in Year 1 eBaok 1. Recognized $87000 of revenue on account. 2. Collected $81,000 cash from accounts receivable Print Refcronces3. Wrote off uncollectible accounts of $1,450. 4. Recognized uncollectible accounts expense. Grover estimated that uncollectible accounts expense will be 3 percent of sales on account. Required a. Show the effect of each event on the elements of the financial statements, using a horizontal statements model like the one shown next Use + for increase,-for decrease, and NA for not affected. In the cash flow column, indicate whether the item is an operating activity (OAing activity (IA), or financing activity (FA) or not affected (NA). The first transaction is entered as an example b. Record the above transactions in general journal form. Required A Required B 9.09 points Show the effect of each event on the elements of the financial statements, using a horizontal statements model like the one shown next. Use for increase,-for decrease, and NA for not affected. In the cash flow column, indicate whether the item is an operating activity (OA), investing activity IA), or financing activity (FA) or not affected (NA). The first transaction is entered as an example cBook Print Roferonocs Effect of Events on the Financial Statements Balance Sheet Income Statement Cash Flow Stockholders' Event Assets Llabllities + Revenue -Expense = Income NA NA 2. 3. Required A Required B > event, select 'No journal entry required" Record the above transactions in general journal form.(If no entry is required for a transaction/ in the first account field