Grover Incorporated uses the allowance method to account for uncollectible accounts expense. Grover Incorporated 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:

a$.$ Show the effect of each event on the elements of the financial statements, using a horizontal statements model like the one shown next. The first transaction is entered as an example.