Below are post-closing account balances for Dante Corp. as of June 30th, 2020: Accounts Receivable. Allowance for Doubtful Accounts.... $40,000 (debit) 2,000 (credit) The following events occurred between July 1st, 2020 and September 30th, 2020: a) Credit sales (gross): $250,000 b) Returns & allowances granted on credit sales: $15,000 c) Write-offs of accounts receivable (before recoveries): $4,000 d) Recoveries of accounts receivable: $1,000 e) Collections of accounts receivable (includes recoveries): $200,000 f) Issuance of a $10,000 8% note on 7-1-20, due w/ interest on 1-1-21. At the end of the quarter (September 30th), Dante applied the percentage of receivables method and estimated that 9% of all outstanding receivables will be uncollectible. Directions: i. ii. Determine the 9-30-20 pre-adjustment balances of the following accounts: a. Accounts Receivable b. Notes Receivable c. Allowance for Doubtful Accounts Prepare the current assets section of Dante's September 30th balance sheet based on the above information and the following post-adjusted balances: a. Cash: 60,000 b. Inventory: 45,000 c. Other Current Assets: 20,000 What will Dante report as Bad Debt Expense on their income statement? Why is this amount different from the amount of write-offs in part (i)? Why is this amount different from the amount of Allowance for Doubtful Accounts reported in part (ii)