Baltimore Company uses aging to estimateuncollectibles.At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of:

Dollar Value

Age of Account

Estimated Collectible

$105,000

< 30 days old

98%

65,000

30 to 60 days old

90%

35,000

61 to 120 days old

77%

13,000

> 120 days old

17%

The current unadjusted Allowance for UncollectibleAccounts balance is a debit balance of $2,000 and the Bad Debt Expense accounts has an unadjusted balance of zero. After the adjusting entry is made, what will be the dollar balances in theAllowance for Doubtful Accounts?Round to nearest whole dollar.

2 . Alpha Company provided the following data concerning its income statement: sales, $995,000; purchases, $383,000; beginning inventory, $240,000; ending inventory, $247,000; operating expenses, $111,000; freight-in, $5,000; sales discounts, $23,000; purchases discounts, $15,000; sales returns & allowances, $86,000; and purchases returns & allowances, $35,000.The data are complete and provide the basis for preparation of an income statement.How much is net income?