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In Year.1, Hiride Comporation Comporvy bcquired a pintent from a competfor for 3203 ogo. Au the brwe of vukchase, h had ta ywpr ot ns Recrulred: Calculate the arnortization experws for Year.1. The foliowing Informbtion is avaitable for Phoenlx Corporation, which uses the afiowarce method, Phoenk axpects 3 . of awes on account to be uncotlectible - Sales en account $640,000 - Colitections on account 5600,000 Requlred: Compute the armount of uncollectble accounts expertse for Year 1. Lucas Cornpory has the followirng account balances at the end of Year t: Fechulred: Compute the net reallzable value of the above accounts receivable