Joey's Bike Shop sells new and used bicycle parts. Although a majority of its sales are cash sales, it makes a significant amount of credit 5ales. During Year 1 , its first year of operations, Joey's Bike Shop experienced the followina: a. Assume that Joey's Bike Shop uses the allowance method of accounting for uncollectible accounts and estimates that 1 percent of its sales on account will not be collected. Answer the following questions. (1) What is the Accounts Receivobie balance at December 31, Year 1 ? (2) What is the ending balance of the Alowance for Doubtful Accounts at December 31, Year 1 , after all entries and acjusting entries are posted? (3) What is the armount of uncollectible occounts expense for Year 1 ? (4) What is the net realizable value of accounts recelvable at December 31 , Year 1 ? b. Assurne that Joey's Bike Shop ases the direct wite off method of accounting for uncollectible occounts Artswer the following questions: (1) What is the Accounts Receivable balance at December 31, Year 1 ? (2) What is the amount of uncollectible accounts expense for Year 1 ? (3) What ts the net realizable value of accounts receivable at December 31 , Year 1