cyber space company which operates a chain of 65 electronics supply stores has completed its 4th yr operations.the direct writeoff method of recording bad debt expense has been used during entire period. Because of substantial sales volumeand amount of uncollectible amounts, the firm is consideringchanging to the allowance method.Information is requested as to the effect that an annual provision of 1/2%sales would have had on the amount of bad debtexpense reported for each of the past 4 yrs.It is also considered desirable to know what the balance of allowance for doubtful accounts would have been at the end of each year.The following data have been obtained from the accounts; year sales uncollectible amounts year of origin of AR written off as uncoll 1st 2300000 5000 1st(5000) 2nd 3rd 4th 2nd 4750000 9000 1st(4000) 5000 3rd 9000000 23000 1st(2000) 12000 9000 4th 9600000 37500 5500 14,500 17500 instr: Assemble the desired data using the column headings year expense actually reported expense based on estimate incr/decr in amt of balance of expense allowance acct end of yr 2) continuation of above qtn: experience during first 4yrs of operations indicated that the receivables were either collected within 2 yrs or had to be written off as uncoll. does the estimate of 1/2% of sales appear to be reasonably close to actual experience with uncoll accts during first 2 yrs