Maps etx essa sity Of Me Launch Meeting - Order Confirma Use this information to answer questions 1-5. Silvers Ltd. is getting ready to publish their annual financial statements. Silvers has the following beginning balances: Beginning balance for Gross Accounts Receivable (A) $2,000 Beginning balance for Allowance for Doubtful Accounts (XA) $300 Question 1 15 pts Silvers makes $10,000 in credit sales in the current period. Assume that 1% of credit sales are typically not collectible. If the income statement method is used, what are the reported (1) bad debt expense and (ii) ending balance for the allowance for doubtful accounts? Edit View Insert Format Tools Table 12pt Paragraph BI U ALT