Or Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $62,000 and $3.000, respectively. During Year 2, Allegheny wrote off $5,400 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $4,800. What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement? $7,200 $4,800 $1,800 $5,400 Rosewood Company made a loan of $10,200 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate of interest. What is the amount of interest revenue that Rosewood would report in Year 1 and Year 2, respectively? Multiple Choice $612 in Year 1 and $0 in Year 2 So in Year 1 and $612 in Year 2 $153 in Year 1 and $459 in Year 2 Rich People in Bowie Do Everything to Ban This Vide Google Chrome. www.vipbox.live $459 in Year 1 and $153 in Year 2 Clos 5 Chico Company paid $520,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Office furniture, $120,000; Building, $420,000, and Land, $90,000. Based on this information, what is the cost that should be allocated to the office furniture? (Round your intermediate percentages to four decimal places: le .054231.5.42%)