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 Customer Amount Kim Abel $24,000 Lee Drake 31,900 30,000 Jenny Green Mike Lamb Total 17,500 $103,400 The company prepared the following aging schedule for its accounts receivable on December 31: Aging Class (Number of Days Past Due) Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts $735,000 1 % 0-30 days 31-60 days 61-90 days 280,000 2 15 91-120 days 115,000 75,000 91,000 30 More than 120 days 60 More than 120 days 91,000 60 Total receivables $1,296,000 a. Journalize the write-offs under the direct write-off method. If an amount box does not require an entry, leave it blank. b. Journaltze the write-offs and the year-end adjusting entry under the allowance method, assuming that the allowance account had a beginning balance of 589,100 and the company uses the analysis of receivables 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 bal the company uses the analysis of receivables method. If an amount box does not require an entry, leave it blank. II c. How much higher (lower) would Seaforth International's net income have been under the allowance method than under the direct write-off method