Casebolt Company wrote of the following accounts receivable as uncollectible for the first year of its operations ending December 31: Customer Amount Shawn Brooke S4,650 Eve Denton 5,180 Art Malloy 11,050 Cassie Yost 9,120 Total $30,000 Required: A On December 31, jumal the write-offs under the direct we off method Refer to the Chart of Accounts for exact wording of accounties B.On December 31. journaize the write-offs under the allowance rathod Aldo Journalize the adjusting entry for uncolichole accounts. The company recorded 55,250,000 of credit sales during the year Based on patutory and Industry averages 20% of credit sales are expected to be uncollectible i no entry is required, amely kop to the next transaction Refer to the Chart of Accounts for exact wording of accounts C. How much higher (lower would Casebolt Company's net income have been under the direct write-ot method than under the allowance method