. gnment Help Save & Exit Submit Check my work Grover Inc. uses the allowance method to account for uncollectible accounts expense. Grover Inc. experienced the following four 2.5 1. Recognized $86,000 of revenue on account 2. Collected $80,000 cash from accounts receivable. 3. Wrote off ctible accounts of $1,400. 4. Recognized uncollectible accounts expense. Grover estimated that uncollectible accounts expense will be 2 account Print Required Reterencesa.Show the effect of eac h event on the elements of the financial statements, using a horizontal statements model like the one shown next. Use +for increase,- for decrease, and NA for not affected. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (A), or financing activity (FA) or not affected (NA). The first transaction is entered as an example. Effect of Events on the Financial Stat Balance Sheet nt Assets NA