Pharoah Co. manufactures and sells plumbing fixtures for homes \& businesses. All its sales are made on credit to wholesale distributors. Information for Pharoah Co. for the current year is as follows: (a) Assume that Pharoah Co. estimates its credit losses based on an aging analysis of its year-end accounts receivable. which indicates that a provision for uncollectible accounts of $40,000 is required: If there is a debit balance of $5,700 in its allowance for expected credit losses on December 31 , before adjustment, i. What amount will the company report on its income statement as credit losses? ii. What amount will it report on its balance sheet as the carrying amount of its accounts recelvable