Entries for Bad Debt Expense Under the Direct Write-off and Allowance Methods Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31: Customer Kim Abel Amount $24,100 32,850 Lee Drake Jenny Green 29,900 Mike Lamb 17,700 Total $104,550 $ The company prepared the following aging schedule for its accounts receivable on December 31: Aging Class (Number of Days Past Due) 0-30 days Estimated Percent of Uncollectible Accounts 1 % 2 2 31-60 days Receivables Balance on December 31 $735,000 280,000 114,000 80,000 91,000 $ $1,300,000 61-90 days 15 30 91-120 days More than 120 days Total receivables 60 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave it blank. b. Journalize the write-offs and the year-end adjusting entry under the allowance method, assuming that the allowance account had a beginning balance of $90,250 and the company uses the analysis of receivables method. If an amount box does not require an entry, leave it blank. C. How much higher (lower) would Seaforth International's net income have been under the allowance method than under the direct write-off method