Grover Inc. uses the allowance method to account for uncollectible accounts expense. Grover Inc. experienced the following four accounting events in Year $1$: Recognized $$92,000$ of revenue on account.Collected $$78,000$ cash from accounts receivable.Wrote off uncollectible accounts of $$720.$Recognized uncollectible accounts expense. Grover estimated that uncollectible accounts expense will be $1$ percent of sales on account. Required Show the effect of each event on the elements of the financial statements, using a horizontal statements model like the one shown here. Use the following coding scheme to record your answers: increase is $+,$ decrease is $,$ leave the cell blank for not affected. In the cash flow column, indicate whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ The first transaction is entered as an example.