I. Lala Company had a $700 credit balance in Allowance for Doubtful Accounts at December 31, 2020, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts $170,000 1% 1-30 days past due 15,000 3% 31-60 days past due 12,000 6% 61-90 days past due 5,000 12% Over 90 days past due 9,000 25% Total Accounts Receivable $211.000 II. Presented below is information related to plant assets at year end on December 31, 2020, for Bellbell Company: Buildings 1,280,000 Goodwill 350,000 Patents 460,000 Coal Mine 440,000 Accumulated Depreciation 620,000 Accumulated Depletion 275,000 Equipment 100,000 Instructions Prepare a partial statement of financial position for Bellbell Company that shows how the above listed items would be presented.(7Marks) Instructions a) Prepare the adjusting entry on December 31, 2020, to recognize bad debts expense. (b) Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $500 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectible accounts. Assume that the company has a policy of providing for bad debts at the rate of 1% of sales, that sales for 2017 were $500,000, and that Allowance for Doubtful Accounts had a $650 credit balance before adjustment. Prepare the adjusting entry for the current year's provision for bad debts. III. Dalis Company and Anthon Delivery Company exchanged delivery trucks on January 1, 2020. Dalis truck cost $84,000, had accumulated depreciation of $69,000, and has a fair value of $11,000. Anthons truck cost $65,000, had accumulated depreciation of $54,000, and has a fair value of $11,000. Journalize the exchange for Dalis Delivery Company (5marks)