At the beginning of the current period, Blue Spruce Corp. had balances in Accounts Receivable of $244,000 and in Allowance for Doubtful Accounts of $10.980. During the period, it had net credit sales of $976,000 and collections of $930.860. It wrote off as uncollectible accounts receivable of $8,906. Uncollectible accounts are estimated to total $30.500 at the end of the period. (Omit recording cost of goods sold.) (a-c) Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and (c) below. (a) Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period. Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Liabilitie Assets Allow. For Doubtful Accts Accts. Rec. Cash Current Attempt in Progress Farley Bains, an auditor with Nolls CPAs, is performing a review of Marin Company's Inventory account. Marin did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was $947.200. However, the following information was not considered when determining that amount. 1. Included in the company's count were goods with a cost of $291,840 that the company is holding on consignment. The goods belong to Nader Corporation. 2. The physical count did not include goods purchased by Marin with a cost of $51.200 that were shipped FOB shipping point on December 28 and did not arrive at Marin's warehouse until January 3. 3. Included in the Inventory account was $21.760 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. 4. The company received an order on December 29 that was boxed and was sitting on the loading dock awaiting pick-up on December 31. The shipper picked up the goods on January 1 and delivered them on January 6. The shipping terms were FOB shipping point. The goods had a selling price of $51.200 and a cost of $37.120. The goods were not included in the count because they were sitting on the dock. 5. Included in the count was $64.000 of goods that were parts for a machine that the company no longer made. Given the high- tech nature of Marin's products, it was unlikely that these obsolete parts had any other use. However, management would prefer to keep them on the books at cost. since that is what we paid for them, after all." Prepare a schedule to determine the correct inventory amount