PART A (10%) EC Ltd. is a merchandising company. The company uses the perpetual method in recording its merchandise. Meanwhile, the treatment of uncollectible receivables is by using the allowance method. Below are transactions that occurred during 2019. Date Transactions Jan-15 Made credit sales of $100,000 to Brian Co. COGS for the product is $40,000. a Mar-15 Received a note from Brian Co of $100,000, 3 months, 6% as replacement of last month's debt that was due. Jun-15 Received notice that the note from Brian Co. cannot be fulfilled in time. EC Ltd estimates that the probability of uncollectible is 100%. Due to this condition, EC Ltd write-off Brian Co.'s note. Sep-30 Receivables from Brian Co. are reinstated, but only an amount of $75,000 is received and the remainder is written-off as uncollectible. Instruction: Journalize the transactions above! (10%) PART B (5%) Below is the information of the receivables of the EC Ltd: 31 Dec 2019 31 Dec 2020 Account Receivable $2,150,000 Allowance for Doubtful Account ($37.500 ($50.000) Net Realizable Value ... ... Additional Information: 1. Total Credit Sales in 2020 is $5,000,000 2. Total collection of receivables in 2020 is $4,500,000 3. During 2020, EC Ltd. written off receivables amounted $200,000 Instructions: 1. Fill in the blank table! (2%) 2. Journalize the AFDA adjustment! (3%)