II. Receivables (14 points) A. The following footnote relates to WWE's allowances for doubtful accounts and the guarantee liability. The guarantee liability is just like the warranty liability we discussed in class (if you are not satisfied with the product, you are entitled to a cash refund). The guarantee liability is a subset of Accrued Liabilities on the balance sheet and associated expenses are a subset of Other Expenses on the income statement. Balance at Charged to Balance at Beg. of Year Expense Deductions Recoveries End of Year For the Year Ended Dec. 31, 2020 Allowance for doubtful accounts 12 14 (13) 17 Guarantee liability (7) Consider the three numbers that explain the change in the allowance for doubtful accounts (14, -13 and 4). When each of the associated entries was recorded, what was the effect on total assets and pretax income? Please put the sign and the amount. (3 points) Charged to expenses 14 Total Assets: Pretax Income: Deductions -13 Total Assets: Pretax Income: Recoveries 4 Total Assets: Pretax Income: Consider the two numbers that explain the change in the guarantee liability (8 and -7). When each of the associated entries was recorded, what was the effect on total assets, total liabilities and pretax income? Please put the sign and the amount. (3 points) Charged to expenses 8: Total Assets: Total. Liab. Pretax Income: Deductions -7 Total Assets: Total. Liab. Pretax Income