Part 4A Required: Company A and Company B are alike in every way in 2018 except for the independent situations described below. Answer the following questions by circling your answer. 1. On December 31, 2018, both companies sold inventory and received a note from a customer. Company A received a $100,000, 6-month, 12%, note. Company B received a $100,000, 6-month, noninterest-bearing note, discounted at 12%. Which company recorded the higher amount of sales revenue on December 31? (Circle one) Company A Company B Amount was the same for A and B. 2. Company A used the allowance method for uncollectible accounts: Company B used the direct write-off method. Which company reported a higher amount of assets on the 2018 balance sheet? (Circle one) Company A Company B Amount was the same for A and B. 3. Company A used accounts receivable as collateral on a loan: Company B sold accounts receivable to a factor. Which company reported a higher amount of liabilities on the 2018 balance sheet? (Circle one) Company A Company B Amount was the same for A and B. 6 5