EX 8-18 Entries for bad debt expense under the direct write-off and allowance 0,5 methods Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31: Customer Kim Abel Lee Drake Jenny Green Mike Lamb Total Amount $ 24,300 31,195 29.715 17820 $103.100 The company prepared the following aging schedule for its accounts receivable on December 31: Estimated Percent of Uncollectible Accounts Aging Class Number of Days Past Due) 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days Totalreceivables Receivables Balance on December 31 $ 735.000 290.000 111.000 70,000 94000 $1.300.000 60 a. Journalize the write-offs under the direct write-off method, 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 $89.000 and the company uses the analysis of receivables method c. How much higher (lower) would Seaforth International net income have been under the allowance method than under the direct write-off method