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Emie Upshaw is the supervising manager of Sleep Tight Bedding. At the end of the yeac, the company's accounting manager prowides Emie with the following information, before any adjustment. In the previous year, Sleep Tight Bedding reported operating income lather adfustmeng of $293,000. Emie knows that ir's impartant to report an upward trend in earnings. This is important not only for Ernie s compensation and employment, but also for the compony's stock price if impestors see a decline in earnings, the stock pulce could drop significantly, and Emie owns a lurpe amount of the company's stock. This has caused Ernle many sleepless nights Required: 1. Record the adjusting entry for uncollectble accounts using the accounting managers estimate of 9% of accounts receivable 2-a. After the adjusting entry is recorded in requirement 1 , what is the revised amount of operating income? 2-b. Does operating income increase or decrease compared to the previous yea? 3. Emie instructs the accounting manager to record the adjusting entry for concollectible accounts using 4% rather than 9% of accounts receivable. After this adjustment, does operating income increase or decrease compared to the previous year? 4. By how much would total assets and expenses be misstated using the as amount? Complete this question by entering your answers in the tabs below. Record the adfusting entry for uncollectible accounts using the accounting marager's estimate of 9% of accounts recelvable, (If no entry is required for a parbevlar transaction/event, seliect 'No Journal Entry Required" in the fint accecunt fleld.) Journal entry worksheet Record the adjusting entry for uncollectible accounts: Note: Eniter dibols betare crears