Exercise 5-22A Complete the accounting cycle using receivable transactions (LO51, 52, 54, 55, 57) [The following information applies to the questions displayed below.] The general ledger of Pop's Fireworks includes the following account balances in 2021: Accounts Debit Credit Cash $ 21,200 Accounts Receivable 41,500 Allowance for Uncollectible Accounts $ 2,200 Supplies 6,700 Notes Receivable (8%, due in 2 years) 10,000 Land 85,000 Accounts Payable 12,300 Common Stock 106,000 Retained Earnings 29,900 Service Revenue 124,800 Salaries Expense 70,900 Utilities Expense 24,200 Supplies Expense 15,700 Totals $ 275,200 $ 275,200 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $7,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $5,000. November 15 Write off customer accounts of $1,500 as uncollectible. Exercise 5-22A Part 7 7. Analyze the following information: By how much does the year-end estimate of future uncollectible accounts reduce net income in 2021? What is the ending balance of Allowance for Uncollectible Accounts? What amount of cash is expected to be collected from accounts receivable?