Final Questions Fan-Tastic Sports Cear the recorded $3,000,000 of sales last year and projects sales to increase by $350,000 in the current year. Last year aos of sales were on Count, with over 300 customer accounts. Bad de expense was $25,187. 1. Assume that Fan-Tastic Sports Gear Inc. used the allowance method a year, and the allowance account at the end of the year had a debt balance of 52,190. The company estimated uncollectible accounts expense using the percent of credit sales method and expected 0.75 of credit sales to be collection What is the amount of the adjusting entry to provide for doubtful accounts on December 317 Round computations to the nearest do 18.600 x 2. How much higher (lower) would fantastic Sports Gear Inc.'s net income have been under the allowance method motion previously shown in ) an under the direct write-off method (Enter there is no change) Higher 22,840 x 3. Using the show method, the two of the receivable would appear on which tancal statement balance sheet De won AR SANG