Part B Question 1 At the end of the year, 31 December 2017, the unadjusted trial balance of Angel Company included the following accounts: Debit Credit $780,575 Sales (80% represent credit sales) Accounts Receivable Allowance for Impairment $101,475 $1,218 (a) (i) If Angel Company uses the Statement of Financial Position Approach to estimate uncollectible accounts, and aging the accounts receivable indicates the estimated uncollectible portion to be $6,075, what will the Impairment Loss of Receivable for the year be? (ii)Show the adjusting entry at year-end to record the Impairment Loss of Receivable for the year. Debit $ Credit $ (iii) The Accounts Receivable presented in the Angel Company's Statement of Financial Position at 12/31/201X would be: (i) If Angel Company uses income statement approach to estimating the uncollectible accounts, and the estimated uncollectible is to be 1% of net credit sales, what is the amount of the Impairment Loss of Receivable for the year? (Round to integer). (ii) Show the adjusting entry at year-end to record the Impairment Loss of Receivable for the year. Debit $ Credit $ (iii) The Accounts Receivable presented in the Angel Company's Statement of Financial Position at 12/31/201X would be