Calculate the target Allowance balance given the above information B. Prepare the Journal Entries assuming : a. The Allowance for doubtful accounts has a credit balance of $10,000 b. The Allowance for doubtful accounts has a debit balance of $5,000 Lucky you! You just won the lottery. The cash payout is $100,000 a year, for the next 10 years (to be paid out at the end of each year). 1. If you selected to receive this as a lump sum payout, and assuming a 5% discount rate, how much would you receive today? 2. If you were able to invest the lump sum payout from part 1 at 8%, how much money would you have at the end of the 10 years? 3. Which option would you choose (lump sum payout, or $100,000 each year for 10 years) and why