Instructions June 8 Wrote oft account of Kathy Quantel, $8,475. Aug. 14 Received $2,960 as partial payment on the $12,480 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16 Received the $8,475 from Kathy Quantel, whose account had been written off on June 8. Reinstated the account and recorded the cash receipt. Dec. 31 Wrote off the following accounts as uncollectible (record as one journal entry): Wade Dolan Greg Gagne Amber Kisko Shannon Poole Nikd Spence 31 If necessary, record the year-end adjusting entry for uncollectible accounts. Aging Class (Number of Days Past Due) Recelvables Balance on December 31 Estimated Percent of Uncollectible Accounts \begin{tabular}{|l|c|} \hline 030 days & $324,800 \\ \hline 3160 days & 109,500 \\ \hline 6190 days & 23,800 \\ \hline 91120 days & 18,200 \\ \hline More than 120 days & 43,200 \\ \hline Total receivables & $519,500 \\ \hline \end{tabular} Required: a. Joumalize the transactions under the direct write-off method. b. Joumalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of $35,800 and the company uses the analysis of ceceivables method. c. How much higher (lower) would Rustic Tables' net income have been under the direct write-off method than under the allowance method